SEC and Ripple Seek Dismissal of Appeals in XRP Lawsuit
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a stipulation to dismiss both the SEC’s appeal and Ripple’s cross-appeal in the long-running XRP lawsuit. Reported by defense lawyer James K. Filan on August 15, 2025, the status report to the Second Circuit Court of Appeals notes that both sides agree to bear their own legal costs. The filing references April and June 2025 court orders requiring an update. A community contributor, Sherrie, explained the report was necessary because the Court has not yet approved the stipulation—a formality delayed by the summer docket. Once the Second Circuit grants approval, this phase of the XRP lawsuit will formally conclude.
Bullish
The joint move to dismiss the SEC’s appeal and Ripple’s cross-appeal removes a major regulatory overhang for XRP. Historical precedents show that legal clarity tends to boost market sentiment and trading volumes. In the short term, traders may respond with buying pressure as uncertainty fades. Over the long term, a formal end to this litigation phase enhances XRP’s credibility and could attract institutional interest, supporting sustained price appreciation.