08.08.2025 10:25

Reports indicate that the protracted legal battle between Ripple and the Securities and Exchange Commission (SEC) has concluded. Attorney James Filan, a prominent figure in the case, declared the matter settled, stating that both parties jointly requested dismissal of their appeals, effectively closing the book on this significant chapter in cryptocurrency regulation. This claim was corroborated by cryptocurrency journalist Eleanor Terrett.

A pivotal aspect of the settlement is the agreement that each party will cover their own legal costs. This shared responsibility underscores a potential compromise reached between the two entities after considerable legal wrangling. This detail reflects a practical resolution rather than a decisive victory for either side.

The settlement follows Ripple CEO Brad Garlinghouse's June announcement that the company would abandon its counter-appeal, signaling a strategic decision to move forward. His statement, highlighting a focus on “building the internet of value,” reveals Ripple's prioritization of future growth and development over continued litigation. The withdrawal of appeals leaves Judge Analisa Torres's 2023 ruling as the final adjudication of the case.

Judge Torres's decision delivered a mixed verdict, declaring the sale of XRP to institutional investors as unlawful securities transactions. However, the court ruled in Ripple's favor concerning "blind bid" sales to individual investors, creating a nuanced legal precedent within the cryptocurrency space. It is important to reiterate that this information should not be considered investment advice. Further details and analysis can be found through internet sources.