The U.S. Securities and Exchange Commission (SEC) is expected to drop its appeal challenging the 2023 ruling that XRP is not a security in programmatic and secondary market sales, following Ripple’s decision to withdraw its own cross-appeal on institutional sales

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No further court dates are expected, and the case will conclude once the SEC formally withdraws its own appeal. That step is anticipated in the coming weeks.
The SEC initially signaled an intent to appeal the ruling on XRP’s non-security status but later indicated it would drop that appeal. Ripple’s decision to abandon its cross-appeal effectively ends the litigation over the institutional sales ruling, avoiding further legal expenses and uncertainty.