08.08.2025 01:28

The long-running legal battle between Ripple and the Securities and Exchange Commission (SEC) has concluded. Following a joint motion filed by both parties, the appeals in the XRP lawsuit have been dismissed, bringing an end to a four-year legal saga that captivated the cryptocurrency world.

This significant development, confirmed via an X post by defense lawyer James Filan, signifies a complete resolution of the case. The joint dismissal effectively terminates the lawsuit, a landmark event for Ripple and the broader XRP community. The dismissal follows Ripple's earlier decision to drop its cross-appeal, but the SEC's subsequent vote to withdraw its appeal was crucial for the final resolution.

This outcome, predicted by legal expert Bill Morgan prior to August 15th, marks the official end of a conflict initiated in December 2020. The joint stipulation of dismissal, filed by the SEC and Ripple, along with executives Brad Garlinghouse and Chris Larsen, formally closes this chapter in legal history.

Consequently, the escrowed monetary judgment Ripple paid – a reduced $50 million settlement compared to the initially ordered $125 million – will now be released to the SEC. However, a crucial caveat remains: the injunction against Ripple stands. Judge Analisa Torres previously declined to incorporate the settlement terms into the case's final judgment, meaning certain restrictions on Ripple’s operations remain in place. Despite the SEC's request to lift the injunction, this aspect of the case has not been overturned. The impact of this continuing injunction on Ripple's future operations remains to be seen.