The SEC and Ripple have officially ended their legal battle over XRP! 🔥 On August 8, 2025, both parties filed a joint dismissal of their respective appeals with the US Court of Appeals for the Second Circuit. This brings to a close a nearly five-year-long lawsuit that started in December 2020.
Key Outcomes of the Case Closure
- *Case Closed*: The SEC and Ripple have withdrawn their appeals, with each side bearing its own legal costs.
- *$125 Million Penalty*: Ripple will pay a $125 million penalty to the SEC, as ordered by Judge Analisa Torres in 2023.
- *XRP Not a Security for Programmatic Sales*: Judge Torres' ruling that XRP sales on public exchanges aren't securities stands.
- *Impact on XRP*: XRP surged over 4% following the news of the case closure .
What's Next for Ripple and XRP?
With the legal uncertainty surrounding XRP largely removed, Ripple can now focus on business development and global expansion 🌟. The outcome of this case may also influence how similar digital asset cases are approached in the future .
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