07.08.2025 23:12

The Securities and Exchange Commission (SEC) and Ripple Labs have jointly decided to end their protracted legal battle over XRP. This significant development follows the mutual withdrawal of their appeals in the Second Circuit Court of Appeals, effectively concluding a major chapter in one of the most prominent cryptocurrency enforcement cases to date.

Both parties, in a collaborative filing, agreed to drop their respective appeals, leaving the district court's decision intact. This means each will bear their own legal costs and fees, a resolution reached without the need for further appeals processes. Importantly, this agreement also encompasses appeals filed on behalf of Ripple executives Bradley Garlinghouse and Christian Larsen.

Initially, the SEC's 2020 lawsuit accused Ripple and its leadership of raising over $1.3 billion through an unregistered securities offering of XRP. However, US District Judge Analisa Torres's 2023 ruling partially favored Ripple, declaring that XRP sales on public exchanges did not constitute securities transactions. This pivotal decision, now unchallenged by appeal, stands as a precedent setting legal interpretation.

While this marks the end of the appeals process, the underlying district court judgment remains in place, solidifying Ripple's claim of an industry-wide victory. Further developments in this evolving situation are anticipated. Information obtained from internet sources.