Nikolas Sargeant
The prolonged legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs has officially concluded following a joint filing to dismiss all appeals in the enforcement action. In a Thursday filing with the US Court of Appeals for the Second Circuit, both parties stipulated to dismiss the SEC's appeal and Ripple's cross-appeal, effectively ending one of the cryptocurrency industry's most closely watched regulatory cases.
The dismissal marks the final chapter in a legal saga that began in December 2020 when the SEC filed its enforcement action against Ripple, alleging that the company's XRP token constituted an unregistered security. The case has been a landmark proceeding for the broader cryptocurrency sector, with industry observers viewing the outcome as potentially setting important precedents for how digital assets are regulated in the United States. Earlier, a federal judge had rejected a joint motion to reduce Ripple's $125 million civil penalty, maintaining the original settlement terms.
Ripple Chief Legal Officer Stuart Alderoty celebrated the conclusion on social media, posting "The end…and now back to business" on X (formerly Twitter), signaling the company's readiness to move forward without the cloud of regulatory uncertainty that has hung over its operations for more than four years. The resolution allows Ripple to focus on its business operations and expansion plans without ongoing litigation concerns.
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 end of this high-profile case represents a significant moment for the cryptocurrency industry, which has been seeking clearer regulatory guidance from US authorities. With this enforcement action now resolved, both Ripple and the broader digital asset community can operate with greater certainty about the regulatory landscape, though questions remain about how the SEC will approach similar cases involving other cryptocurrency projects in the future.
XRP value rose 12.22% upon the news breaking and is currently trading at $3.33 at the time of writing.
