šThe U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their high-profile legal fight after jointly filing to dismiss all remaining appeals.
According to the August 7, 2025, court filing in the United States Court of Appeals for the Second Circuit, both parties agreed to withdraw the SECās appeal (No. 24-2648) and Rippleās cross-appeal (No. 24-2705). The dismissal covers Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen, with each side bearing its legal costs.
The decision follows years of intense litigation that began in December 2020, when the SEC accused Ripple of conducting unregistered securities sales through its $XRP token. While portions of the case had already been resolved ā including a partial win for Ripple in 2023 that determined secondary #XRP sales were not securities ā both sides had pursued appeals over unresolved issues.
This joint dismissal signals a complete closure of the case, removing one of the most closely watched regulatory battles in crypto history. Legal counsel for both parties signed off on the agreement, including representatives from the SEC, Rippleās attorneys at Kellogg Hansen and Debevoise & Plimpton, and counsel for Garlinghouse and Larsen at Cleary Gottlieb Steen & Hamilton.
With the legal cloud lifted, $XRP is now positioned for a transformative chapter. The end of this battle is expected to open the doors for major institutional investment, bringing massive attention from across the globe. Pair that with an anticipated XRP ETF approval, and the stage is set for explosive momentum, with bullish projections eyeing a surge toward $33 as fireworks ignite in the market.
Investors and institutions alike will be watching closely ā the next move could redefine XRPās place in the global financial system.
