08.08.2025 03:22

The protracted legal battle between Ripple and the US Securities and Exchange Commission (SEC) has concluded. A joint motion to dismiss all appeals was filed by both parties with the Second Circuit Court on August 7th, 2025, bringing a definitive end to one of the cryptocurrency world's most significant and closely followed cases. This outcome marks a pivotal moment for the industry.

The SEC's initial claim, alleging that Ripple illegally sold XRP as an unregistered security, sparked intense debate and uncertainty within the cryptocurrency community. This lengthy legal process has now decisively resolved the question of Ripple's programmatic XRP sales prior to 2020, along with other non-institutional distributions. The principle of *res judicata* prevents the SEC from refiling the case on these specific matters, legally establishing these sales as legitimate.

This legal victory effectively confirms that XRP itself is not a security, a crucial determination that removes a significant barrier to its wider adoption and acceptance. The XRP community, which steadfastly supported Ripple throughout the years of investigation and litigation, is celebrating this landmark achievement as a testament to their perseverance. With the legal uncertainty lifted, Ripple can now dedicate its resources to expanding its business operations and exploring new growth opportunities.

The dismissal also paves the way for the potential listing of XRP-based exchange-traded funds (ETFs) in the United States. This possibility, which has gained considerable traction lately, is now significantly more likely following this favorable legal outcome. The resolution of this long-running legal dispute offers a clearer regulatory path forward for XRP and similar cryptocurrencies.