08.08.2025 04:02

The protracted legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs, initiated in 2020, has concluded. A joint filing with the Second Circuit Court of Appeals revealed that both parties voluntarily dismissed their appeals, bringing a definitive end to this landmark case impacting the cryptocurrency world. This action follows a 2023 ruling that levied a $125 million fine against Ripple for institutional XRP sales, a decision which remains in effect.

Each party will cover its own legal costs, as stipulated in the formal agreement. This resolution marks the culmination of years of intense litigation, originating under the SEC's former chair, Jay Clayton, who now leads the US Attorney's Office for the Southern District of New York. The SEC's primary claim was that Ripple's XRP sales contravened securities laws.

The cryptocurrency market reacted positively to the news. XRP's price experienced a 5% surge, reaching approximately $3.27 following Thursday's announcement. This swift price increase underscores the significant market interest and the weight of this legal outcome.

The journey to this settlement wasn't straightforward. The case saw both sides achieve partial victories throughout its duration. A key 2023 decision by a district judge found Ripple guilty of securities law violations concerning direct sales to institutional investors. However, other aspects of the case concluded favorably for Ripple, significantly influencing the broader cryptocurrency regulatory landscape. The dismissal, while settling the immediate dispute, leaves a legacy of significant implications for future cryptocurrency regulation and litigation.