{"id":871866,"date":"2025-09-10T00:13:47","date_gmt":"2025-09-10T05:13:47","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/10\/ripple-sec-legal-battle-ends-as-both-sides-drop-appeals\/"},"modified":"2025-09-10T00:13:47","modified_gmt":"2025-09-10T05:13:47","slug":"ripple-sec-legal-battle-ends-as-both-sides-drop-appeals","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/10\/ripple-sec-legal-battle-ends-as-both-sides-drop-appeals\/","title":{"rendered":"Ripple\u2013SEC Legal Battle Ends as Both Sides Drop Appeals"},"content":{"rendered":"<div>\n<div id=\"blockquote-block_e094dabd9e95fb875f584cc122239138\">\n<ul>\n<li aria-level=\"1\"><span>Ripple and SEC mutually dismiss appeals, officially ending the long-running XRP lawsuit.<\/span><\/li>\n<li aria-level=\"1\"><span>Judge Torres\u2019 mixed 2023 ruling remains as the final, unchallenged judgment.<\/span><\/li>\n<li aria-level=\"1\"><span>Each party agrees to pay its own legal costs in the final court filing.<\/span><\/li>\n<\/ul>\n<\/div>\n<p><a href=\"https:\/\/cryptonews.com.au\/category\/ripple\/\">Ripple Labs<\/a> and the US Securities and Exchange Commission (<a href=\"https:\/\/cryptonews.com.au\/category\/sec\/\">SEC<\/a>) have formally ended their long-running legal dispute, with both parties jointly agreeing to dismiss their respective appeals in the US Court of Appeals for the Second Circuit.<\/p>\n<p>This final step concludes a legal battle that began in 2020 when the SEC alleged Ripple\u2019s sale of its <a href=\"https:\/\/cryptonews.com.au\/category\/xrp\/\">XRP<\/a> token violated securities laws. The agreement, <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.ca2.c99a6526-19b6-430d-a15c-e0c1dd869735\/gov.uscourts.ca2.c99a6526-19b6-430d-a15c-e0c1dd869735.64.0.pdf\">filed<\/a> on Thursday, states that each party will cover its own legal costs.<\/p>\n<p>The resolution leaves in place US District Judge Analisa Torres\u2019 2023 <a href=\"https:\/\/cryptonews.com.au\/news\/xrp-up-60-on-the-day-as-crypto-exchanges-resume-trading-for-ripples-token-78467\/\">ruling<\/a>, which found that Ripple\u2019s XRP sales to institutional investors were unregistered securities offerings, resulting in a US$125 million (AU$191.5 million) civil penalty and an injunction against further violations.\u00a0<\/p>\n<p>However, the judge sided with Ripple regarding XRP\u2019s secondary market sales on crypto exchanges, concluding they did not violate securities laws.<\/p>\n<p><strong>Related: <\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/secs-liquid-staking-guidance-sparks-internal-clash-over-clarity-130271\/\"><strong>SEC\u2019s Liquid Staking Guidance Sparks Internal Clash Over Clarity<\/strong><\/a><\/p>\n<h2 id=\"h-company-signals-fresh-focus\">Company Signals Fresh Focus<\/h2>\n<p>Ripple had earlier signalled its intention to drop the cross-appeal. CEO Brad Garlinghouse <a href=\"https:\/\/cryptonews.com.au\/news\/ceo-brad-garlinghouse-says-ripple-moving-past-secs-war-on-crypto-128620\/\">said <\/a>in June that the company was shifting its focus from \u201cthe SEC\u2019s war on crypto and entering the next market phase\u201d.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfVFTdL9RPV6C5y3_DQg2oqsw3yaIE9qb_SKhwNk4zdCiMhO91j5kIOqEmVMsMbZ70bFbT3J8uWdsYR2PTfDxyh4wr-rnflyUTz5YmAKGCLlS6il_A6ewdHGRCBFrJ0An2viRLW_w?key=JLPmKMze_EX7J5O2QSkZdw\" alt data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><\/figure>\n<p>Following the filing, Ripple\u2019s Chief Legal Officer, Stuart Alderoty, posted on X, \u201cThe end\u2026 and now back to business.\u201d\u00a0<\/p>\n<p>XRP\u2019s price rose almost 11% after the announcement, trading at approximately US$3.32 (AU$5.09) at the time of publication.<\/p>\n<p>The case\u2019s resolution leaves Ripple with a partial legal win and broader clarity on XRP\u2019s regulatory status in the US. With this chapter closed, Ripple is expected to refocus on its international operations and future expansion.<\/p>\n<p><strong>Related: <\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/ripples-rlusd-stablecoin-hits-600m-market-cap-as-xrp-leads-market-rally-130247\/\"><strong>Ripple\u2019s RLUSD Stablecoin Hits $600M Market Cap, as XRP Leads Market Rally<\/strong><\/a><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com.au\/news\/ripple-sec-legal-battle-ends-as-both-sides-drop-appeals-130331\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple and SEC mutually dismiss appeals, officially ending the long-running XRP lawsuit. Judge Torres\u2019 mixed 2023 ruling remains as the final, unchallenged judgment. Each party agrees to pay its own legal costs in the final court filing. Ripple Labs and the US Securities and Exchange Commission (SEC) have formally ended their long-running legal dispute, with<\/p>\n","protected":false},"author":1,"featured_media":871867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22587,129273],"tags":[8523,146220],"class_list":{"0":"post-871866","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal","8":"category-ripple-sec","9":"tag-legal","10":"tag-ripple-sec"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/871866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=871866"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/871866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/871867"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=871866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=871866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=871866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}