The agreement is the latest peace made between the crypto company and the regulator
Ripple Labs and the US Securities and Exchange Commission (SEC) have officially ended their long-running legal dispute after both sides agreed to withdraw their respective appeals. In a joint filing submitted to the Second Circuit Court of Appeals, the regulator and the blockchain company requested dismissal of the SEC’s appeal and Ripple’s cross-appeal, each agreeing to cover their own legal fees.
The move puts a final stop to a case that began in 2020, when the SEC accused Ripple of selling its XRP token as an unregistered security. The case has been one of the most high-profile legal battles in the crypto space and has played a central role in broader regulatory discussions about digital assets in the US.
The turning point came in July 2023 when US District Judge Analisa Torres issued a split decision. She ruled that Ripple’s XRP sales on public exchanges did not count as securities transactions, though institutional sales did violate securities laws. Ripple was later ordered to pay $125 million in penalties, far less than the $2 billion originally sought by the SEC.
Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business. https://t.co/nVqthNcFOt
— Stuart Alderoty (@s_alderoty) August 7, 2025
With both sides choosing not to pursue their appeals, Judge Torres’ ruling now stands as the final word in the case. Ripple Chief Legal Officer Stuart Alderoty confirmed the joint dismissal on social media, stating that the company is ready to return full focus to its business operations.
The decision comes at a time when the SEC has been easing back on crypto enforcement actions under the Trump administration. Several other crypto-related cases have also been dropped or scaled back.
Meanwhile, XRP has seen a significant price rally in recent months. According to CoinGecko, the token surged from $1.79 in April to over $3.30 in early August, with the resolution of the lawsuit contributing to renewed investor confidence.
