SEC and Ripple officially end the appeal, XRP price surges

The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has officially come to a close. Both parties have agreed to withdraw their appeals, ending the years-long lawsuit regarding the classification of token $XRP .

Historic ruling upheld

This decision upholds the district court's ruling in 2023, in which Judge Analisa Torres concluded that selling XRP to institutional investors constituted a securities violation, but selling on public exchanges did not. This ruling is seen as a partial victory for the cryptocurrency industry and will set an important precedent for the classification of digital assets in the future.

Outcome of the lawsuit and market reaction

With the appeal ending, #Ripple will pay a fine of 125 million USD to the U.S. Department of the Treasury. The permanent ban on Ripple selling XRP to institutions remains in effect.

This information has immediately created a positive wave in the market, pushing XRP's price up more than 10% in the past 24 hours. This is a sign that the community has been waiting for a clear outcome, and the conclusion of the lawsuit has alleviated concerns, opening a new chapter for XRP and the entire crypto industry.