08.08.2025 05:55

The protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has unexpectedly concluded. A joint decision by the Commission resulted in both parties simultaneously filing motions with the Second Circuit Court to dismiss their respective appeals. This abrupt termination brings an end to a years-long, high-profile case that captivated the cryptocurrency industry.

Confirmation of the dismissal arrived via a shared filing, prompting a wave of relief amongst XRP supporters. However, the sheer length of the proceedings led some to cautiously scrutinize the details, questioning whether the dismissal truly signified finality. One such inquiry, regarding the existence of further legal actions, was addressed by former SEC lawyer Marc Fagel. He clarified that, following the withdrawal of appeals by both sides, the case is effectively concluded. While the appeals court will perform a necessary administrative function to formally dismiss the appeals, no further judicial intervention is anticipated, rendering the litigation essentially complete.

Fagel further confirmed that Ripple will remit a $125 million payment to the U.S. Treasury as part of the settlement. This significant development marks the conclusion of one of the cryptocurrency world's most closely observed legal battles. The resolution frees Ripple to concentrate on expanding its business and fostering wider XRP adoption. This legal victory could potentially catalyze the approval of an XRP spot exchange-traded fund (ETF), a development further bolstered by the already substantial trading volume of XRP futures on the CME Group. This high volume, according to experts, is a crucial factor influencing the SEC's future decisions.