Ripple vs. SEC Legal Battle Ends, XRP Surges 10%

The long-running legal showdown between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has finally come to an end, as both parties have filed to withdraw their appeals. The 2023 court ruling — which drew a clear line between legal and illegal XRP sales — is now the official conclusion of one of the most closely watched lawsuits in the crypto space.

What does the final ruling say?

The court determined that XRP sales to institutional investors violated securities laws, while public exchange sales did not. This was seen as a partial win for Ripple, but more importantly, a landmark moment for the entire crypto industry.