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Ripple Drops Appeal with SEC, Ending XRP Lawsuit After Nearly 4 Years

June 27, 2025
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Ripple has officially withdrawn its cross-appeal with the SEC in the XRP lawsuit, marking a decisive end to one of crypto’s longest-running legal disputes.

CEO Brad Garlinghouse announced the move on June 27, stating the company will not challenge the court’s 2023 finding that XRP sales to institutional investors constituted securities transactions.

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Is the XRP Lawsuit Finally Over?

The Ripple v SEC case has been a huge event for crypto regulation, but the spectacle didn’t end after the case was dropped. Both parties have spent the last few months trying to resolve one lingering issue: a cross-appeal regarding non-institutional securities sales.

Today, Ripple CEO Brad Garlinghouse announced that the company is finally giving up.

This decision follows Judge Torres’ June 26 ruling, which denied the parties’ attempt to modify the injunction and reduce Ripple’s penalty. That rejection blocked the path to a negotiated resolution.

By dropping the appeal, Ripple accepts the court’s existing judgment. This includes the restriction on institutional XRP sales and the likely imposition of a $102.6 million penalty.

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 2023 ruling, which found XRP sales on exchanges are not securities, remains intact. That provides continued clarity for retail XRP trading.

The case, which began in December 2020, has become a key precedent in crypto regulation. Its conclusion closes a chapter in US digital asset enforcement.

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Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved