Ripple and SEC Dismiss XRP Appeals, End Four-Year Lawsuit
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly dismissed all appeals in the XRP lawsuit, ending a four-year legal battle that began in December 2020. The conclusion of the XRP lawsuit follows a March 2023 ruling by Judge Analisa Torres—affirmed by the Second Circuit in July—that programmatic XRP sales on public exchanges are not securities, while institutional sales violated law. Ripple will pay a $125 million civil penalty and comply with an injunction to prevent future breaches. With the final appeal withdrawn, XRP secondary-market trading resumes without legal uncertainty. XRP price jumped about 10% to $3.31, and traders are likely to watch shifts in trading volumes and price trends. The resolution provides clear regulatory guidance and may influence future SEC enforcement and cryptocurrency regulation.
Bullish
The final dismissal of XRP appeals removes a major legal overhang, leading to an immediate 10% price jump and resumed trading activity. In the short term, renewed market participation and higher trading volumes are expected. Over the long term, clear regulatory guidance reduces legal uncertainty for XRP and may set a positive precedent for future SEC actions, supporting sustained bullish sentiment.