In brief
- The SEC and Ripple have dropped their respective appeals in the Second Circuit, with each party agreeing to cover its own legal costs.
- In June, Ripple agreed to a $125 million penalty and escrowed the funds; today’s dismissal clears transfer to the Treasury, while the injunction on institutional XRP sales remains.
- The 2023 ruling, which found public exchange sales of XRP were not securities while institutional sales were, will stand.
The U.S. Securities and Exchange Commission and Ripple Labs Inc. have formally closed their legal dispute, filing to end their respective appeals in the case over the sale of XRP tokens.
In a joint filing dated Thursday with the U.S. Court of Appeals for the Second Circuit, the SEC withdrew its…
Aug 08 2025
