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XRP’s legal battle with the SEC ends following a significant mutual decision to abandon all appeals.
Ripple CEO Brad Garlinghouse confirmed the move on X, stating, “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal.” This agreement concludes one of the most watched regulatory clashes in the crypto world. After years of courtroom drama, both Ripple and the SEC seem ready to turn the page.
The roots of the dispute trace back to December 2020, when the SEC accused Ripple of conducting unregistered securities offerings by selling XRP tokens. The long-awaited judgment in July 2023 provided a mixed outcome. The court ruled XRP sales on public exchanges didn’t breach securities laws, but Ripple’s institutional sales did. The penalty? A $125 million fine and a permanent injunction preventing similar future sales.
Ripple and the SEC had attempted to negotiate a reduced penalty of $50 million. However, Judge Analisa Torres rejected the proposal. She ruled that the court couldn’t approve such a reduction without meeting high legal thresholds, which both parties failed to demonstrate.
Final chapter in a defining case for crypto regulation
XRP’s legal battle with the SEC ends in a way that emphasizes regulatory clarity over further confrontation. Garlinghouse expressed the company’s desire to move forward and focus on innovation, particularly their vision of building the “Internet of Value.” This sentiment reflects a broader shift in the crypto industry. Regulatory uncertainty has long clouded projects and investments.
Interestingly, the SEC’s retreat in this case coincides with a changing enforcement tone. In recent months, lawsuits against other crypto giants such as Coinbase, Binance, and Kraken have also been dropped. Analysts view this as a sign of the SEC’s softened stance under the Trump administration.
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With XRP’s legal battle with the SEC finally sealed, Ripple aims to redirect resources toward innovation and expansion. The conclusion of this case may also influence how other blockchain companies approach compliance and litigation.
Ripple’s resolution might encourage institutional investors to return to XRP. With clearer regulatory boundaries, companies now have a precedent for navigating future enforcement challenges.
Crypto advocates hope this signifies a step toward a more structured and fair regulatory environment. As Ripple closes this chapter, the industry watches closely to see whether the SEC continues this trend of easing its grip.
