Internet reports that the U.S. Securities and Exchange Commission (SEC) and Ripple have reached an agreement to jointly withdraw their appeal in the Second Circuit Court, marking the official end of one of the most closely watched legal disputes in the crypto industry. According to the withdrawal documents, both parties will each bear the litigation costs. The 2023 ruling by Judge Analisa Torres will become final: XRP's trading in the secondary market does not constitute securities conduct, but large sales to institutional investors are illegal securities issuance. After the news was announced, XRP prices rose more than 7%, from US$3.04 to US$3.27. Ripple CEO Brad Garlinghouse said the company will completely end the legal dispute and focus on the more important thing-building an "Internet of Value."