The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry's highest-profile lawsuits. Ripple and the SEC agreed on Thursday to dismiss their appeals of the fine imposed by U.S. District Judge. Ethereum (ETH-USD) surged north of $4,000 early Friday, to near its highest level of the year, to pick up from a broader altcoin rally that had been led by Ripple earlier in the trading day.

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