Ripple, SEC agree to mutually abandon appeals, ending 5-year legal battle

Description

Ripple and the SEC have agreed to mutually drop their appeals, officially ending a five-year legal battle that clarified XRP's regulatory status in the U.S.

Authors

Assad Jafri

Publish date

June 27, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/ripple-sec-agree-to-mutually-abandon-appeals-ending-5-year-legal-battle

Referenced by

Ripple will drop its cross-appeal in its prolonged legal battle with the U.S. Securities and Exchange Commission, signaling an end to one of the crypto industry’s most consequential court cases.

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The ruling was considered a landmark split decision, with Ripple securing a major victory for the industry in clarifying that programmatic sales and secondary market trading of XRP do not fall under SEC jurisdiction. However, the finding on institutional sales posed potential financial penalties for Ripple.

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Ripple’s chief legal officer, Stuart Alderoty, explained that the court’s proffered options were to either dismiss its appeal challenging the prior finding on historic institutional sales of XRP or proceed with the appeal and continue litigation.

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