08.08.2025 09:16

XRP's price surged by 13% following a significant development in the long-running legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). A joint stipulation, filed on August 7th with the US Court of Appeals for the Second Circuit, announced the mutual agreement to drop all appeals, effectively concluding one of the crypto industry's most protracted and closely watched lawsuits. This decisive action brought a definitive end to a five-year legal struggle.

The dismissal, confirmed by Ripple's Chief Legal Officer Stuart Alderoty, marks a pivotal moment. Alderoty declared the case closed and signaled a return to normal business operations for the company. The SEC’s lawsuit, initiated in December 2020, accused Ripple of conducting an unregistered securities offering through its sales of XRP. The ensuing legal conflict involved numerous appeals and counter-appeals, resulting in substantial legal costs for both parties and significantly impacting the broader cryptocurrency market. This extensive legal battle also played out against a backdrop of increased regulatory scrutiny of the cryptocurrency industry under the Biden administration.


Judge Analisa Torres's 2023 ruling in a New York federal court proved to be a watershed moment. While declaring XRP sold on public exchanges not to be securities, the ruling deemed sales to institutional investors as unregistered securities. This partial victory for Ripple resulted in a $125 million fine, a fraction of the SEC's initial $2 billion demand, effectively settling the matter. The settlement, widely perceived as a compromise, significantly influenced subsequent market behavior and public sentiment surrounding the case. The resolution now leaves Ripple free to focus on its core business and future development.