Commissioner Hester Peirce, also known as 'Crypto Mom', noted that the dismissal of appeals in the Second Circuit enables regulators to concentrate on establishing clear crypto rules after prolonged litigation.
SEC Commissioner Hester Peirce stated that concluding the Ripple lawsuit allows regulators to prioritize developing a clear regulatory framework for crypto. The case ended with joint dismissal of appeals in the Second Circuit, upholding the August 2023 judgment that fined Ripple $125 million for institutional XRP sales.