The U.S. Securities and Exchange Commission (#SEC ) and #RippleLabs mutually agreed to dismiss appeals, including lawsuits against CEO Brad Garlinghouse and co-founder Christian Larsen.

According to a document filed with the appellate court on August 7, 2025, the agreement was signed based on Rule 42(b)(1), which allows closing a case at the appellate stage by mutual consent.

It is known that each party will independently cover their own attorney and court costs. Additionally, the document was signed by representatives of both Ripple and the SEC, with the regulator submitting it on behalf of all participants with their consent.

The statement notes that following this decision, only the verdict of the district court previously issued in this case remains in effect, stating that transactions with $XRP on the secondary market are not securities.

It is worth noting that the dispute between the SEC and Ripple Labs has been ongoing since 2020. At that time, the regulator, under Jay Clayton's leadership, accused the company of violating securities laws through the sale of the related token XRP.