XRP breaks the legal chains as the SEC lawsuit finally closes, opening up comprehensive expansion opportunities for Ripple, clarifying regulations for cryptocurrencies, and creating a wave of momentum for the market.

The Ripple lawsuit against the SEC has concluded, leaving XRP with 5 years of turmoil.

The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has officially concluded, with both parties filing a joint motion to dismiss the appeal in the ongoing XRP lawsuit. On August 7, 2025, the U.S. Court of Appeals for the Second Circuit received the joint motion, terminating the SEC's appeal (No. 24-2648) and Ripple's cross-appeal (No. 24-2705). The legal conflict began in 2020 and is a landmark case regarding how digital assets are treated under U.S. securities law.

Reactions from the legal community were swift. Attorney James K. Filan posted on the X social media platform:

The parties have filed a joint motion to dismiss the appeal. The lawsuit is over.

Attorney Bill Morgan expressed excitement, calling this the "best news" in the past five years. "The SEC lawsuit against Ripple has finally ENDED. Boom. The appeal has been dismissed," he emphasized.

The filing under Federal Appellate Procedure Rule 42(b)(1) states that "each party shall bear its own costs on appeal." The filing notes that the dismissal applies to "the above appeals," including the SEC's main appeal and Ripple's corresponding cross-appeal.

The filing also confirms that the parties "have agreed to dismiss and have executed this agreement," signaling a joint decision to avoid further legal actions. This move ends the appellate court's ability to reconsider, upholding the lower court's ruling but with no binding precedent from the Second Circuit Court of Appeals.

Ripple's legal director, Stuart Alderoty, detailed:

After the committee's vote today, the SEC and Ripple have officially filed a joint motion to dismiss their appeals directly to the Second Circuit Court of Appeals. Time's up... and now back to work.

The price of XRP surged immediately following this news. At the time of writing, XRP is trading at $3.29.