#SEC and #Ripple End Years-Long Legal Battle as Both Sides Withdraw Appeals

In a landmark development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly agreed to withdraw their respective appeals, officially bringing an end to a legal dispute that has spanned several years.

According to a Thursday filing in the Second Circuit Court of Appeals, the court acknowledged the voluntary withdrawal, with each party agreeing to bear its own legal costs.

Judge Torres’ 2023 Ruling Remains in Place

The decision leaves intact the 2023 ruling by Judge Analisa Torres, which determined that:

$XRP sales to retail investors do not qualify as securities transactions.

Institutional sales of XRP do meet the definition of securities transactions under U.S. law.

This split ruling had been the central point of contention in the ongoing appeals process, which has now been abandoned.

Ripple’s Response: “The End… and Now Back to Business”

SEC Scraps Gensler’s Crypto Rules: Major #Win for Crypto Industry in 2025

Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the resolution on social media, stating:

“The end… and now back to business.”

The comment signals that Ripple is ready to move forward with its operations and focus on expanding its payment and blockchain solutions without the legal overhang of the SEC lawsuit.

Industry Impact: #Regulatory Clarity for XRP

The end of this case is widely seen as a positive development for XRP #holders and the broader crypto market, as it removes a major source of legal uncertainty.