28.06.2025 02:57

Ripple Labs CEO Brad Garlinghouse announced on social media that the company will not be filing a cross-appeal in its legal dispute with the Securities and Exchange Commission (SEC). This significant decision marks a strategic shift for Ripple, prioritizing its core objective of building the "Internet of Value" over protracted legal battles.

The court's recent rejection of a proposed settlement between Ripple and the SEC further solidified this strategic realignment. Judge Analisa Torres of the U.S. Southern District of New York, for a second time, refused to approve a settlement that would have reduced Ripple's penalty to $50 million and lifted the permanent injunction against the company. The judge's decision to uphold the injunction highlights the ongoing regulatory uncertainty plaguing the cryptocurrency industry and underscores the persistent scrutiny faced by crypto firms.

This rejection, coupled with the decision against a cross-appeal, allows Ripple to fully dedicate its resources and energy to technological advancement and expansion within the blockchain sector. Instead of focusing on legal challenges, the company aims to accelerate its innovation efforts, ultimately furthering its vision of a decentralized and globally accessible financial system. This strategic pivot reflects Ripple's confidence in its long-term prospects and its commitment to shaping the future of the digital economy. Garlinghouse's announcement signals a clear intention to overcome regulatory hurdles by focusing on technological solutions and market growth rather than continued litigation.