SEC vs Ripple: Case Closed

On August 22, 2025, the U.S. Court of Appeals for the Second Circuit confirmed that the SEC has officially withdrawn its appeal against Ripple Labs and its executives, Brad Garlinghouse and Chris Larsen.

This means that the previously issued court ruling in favor of Ripple remains in effect without challenge, marking a decisive victory for the company. Both parties have agreed to voluntarily terminate the proceedings, and the appeal is now officially closed.