27.06.2025 22:21

Ripple's protracted legal battle with the Securities and Exchange Commission (SEC) has finally concluded. The company announced the withdrawal of its cross-appeal, effectively ending one of the cryptocurrency industry's most significant and drawn-out court cases. This decisive action follows months of post-trial maneuvering and represents a significant turning point for Ripple.

CEO Brad Garlinghouse confirmed the news on June 27th, 2025, explicitly stating that Ripple would not contest the court's 2023 determination that XRP sales to institutional buyers constituted securities transactions. This decision, he emphasized, allows the company to fully focus on its core mission of building what it terms the "Internet of Value." The cessation of the appeal signifies Ripple's acceptance of the court's ruling in its entirety.

The decision comes on the heels of Judge Torres' June 26th rejection of a proposed modification to the injunction and a reduction in penalties. This refusal effectively eliminated the possibility of a negotiated settlement, leaving appeal as the only remaining recourse. With the withdrawal of Ripple's appeal, the SEC is also expected to drop its own appeal in the coming weeks. This will bring a definitive end to the three-year-long legal dispute.

Importantly, Judge Torres' 2023 ruling, which declared that XRP sales on exchanges are not securities, remains untouched. This aspect of the decision offers continued clarity for retail XRP trading and reinforces a key distinction within the context of the broader case. The case, initiated in December 2020, has served as a landmark precedent in the ongoing evolution of US cryptocurrency regulation, setting a significant benchmark for future legal challenges in the industry. Its resolution marks a definitive closing of a chapter in the US government's digital asset enforcement efforts.