XRP Update: A Ripple Executive Discusses the Withdrawal of the SEC Appeal and the United States’ Journey Toward Effective Cryptocurrency Regulations.

A U.S. appellate court has put a temporary stop to the ongoing legal dispute between the SEC and Ripple, issuing a 60-day stay on the SEC’s appeal. In light of this situation, Stuart Alderoty, Ripple’s Chief Legal Officer, discussed its significance in a one-minute video. In a short clip named “Crypto in a Minute,” Alderoty explains the importance of a recent legal update involving Ripple Labs and the SEC. What was the reason behind the SEC deciding to withdraw its appeal against Ripple? “The essential question is, why was the case brought in the first place?” he comments. In the latest Crypto In One Minute, Ripple’s Chief Legal Officer @s_alderoty discusses the SEC’s decision to withdraw its appeal against Ripple in March 2025 and the future of smart cryptocurrency regulation in the US: https://t.co/HJ4wTBWDmx. Safeguarding consumers. … pic.twitter.com/KD20.193bi66sGI. — Ripple (@Ripple) May 2, 2025. Alderoty states, “The SEC hasn’t only abandoned its appeal against Ripple,” and adds, “It is also dismissing all cases involving every cryptocurrency firm in the U.S.” He contends that the SEC has ultimately conceded to Ripple’s long-held position that enforcing the law requires a clear definition of what the law actually entails.