28.06.2025 06:51

Ripple Labs has put an end to its protracted legal battle with the U.S. Securities and Exchange Commission (SEC). The company announced the withdrawal of its cross-appeal, concluding a nearly four-year-long dispute over the classification and sale of its XRP token. This decisive action brings a significant chapter in cryptocurrency regulation to a close.

This resolution follows a recent court decision by Judge Analisa Torres, who rejected a joint proposal from Ripple and the SEC to modify the existing injunction and reduce substantial financial penalties. Faced with this setback, Ripple opted to accept the current ruling, which imposes restrictions on institutional XRP sales and a likely penalty of $102.6 million, foregoing further legal challenges.

Ripple CEO Brad Garlinghouse confirmed the decision, emphasizing the company's intention to move forward, focusing its resources on its core mission. He declared the closure of this legal chapter and a renewed commitment to building the "Internet of Value," signifying a shift towards future development and away from protracted litigation. The SEC is also expected to drop its appeal.

The court's decision, while imposing penalties on Ripple, notably excluded retail XRP sales from securities law, providing valuable clarity for the digital asset landscape in the United States. This outcome offers a significant precedent for future regulatory discussions and digital asset offerings, impacting the broader cryptocurrency industry. The case's conclusion, stemming from internet sources, marks a pivotal moment for cryptocurrency regulation and industry development.