Key Takeaways:
- SEC and Ripple have jointly dropped their appeals, ending the XRP legal battle with Judge Torres’ 2023 ruling standing.
- Ripple will pay $125 million in fines, far below the $2 billion originally sought by the SEC.
- XRP price has surged amid settlement news, currently trading at $3.31 after peaking at $3.56 in July.
The yearslong legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has officially concluded, with both sides agreeing to drop their appeals over the classification of the XRP token.
In a joint filing, the U.S. Court of Appeals for the Second Circuit acknowledged the dismissal, with each party covering its own legal costs.
Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
— Stuart Alderoty (@s_alderoty) August 7, 2025
The end…and now back to business. https://t.co/nVqthNcFOt
The dispute began in late 2020 when the SEC accused Ripple of selling XRP as an unregistered security.
In July 2023, Judge Analisa Torres issued a mixed ruling, finding that XRP sales on public exchanges were not securities, but institutional sales were.
Ripple was fined $125 million, far less than the $2 billion sought by the SEC.
The regulator appealed in October 2023, and Ripple filed a cross-appeal.
Following settlement talks earlier this year and a pause in proceedings, both sides ultimately agreed to end the case.
The SEC’s withdrawal reflects a broader shift in its approach to crypto enforcement.
XRP’s price has surged during the negotiations, peaking at $3.56 in July and currently trading at $3.31, up 10.6% in the past 24 hours.
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