Ripple's Lawsuit Appeal Review Imminent by US Securities and Exchange Commission
The long-running lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has finally come to an end. After more than four years, the legal battle that began in 2020 has officially concluded, as both parties have agreed to drop their appeals[1][2][3].
The mixed ruling from 2023 by New York federal judge Analisa Torres now stands as final: secondary market sales of XRP to public retail investors do not constitute securities offerings, but Ripple's direct institutional sales were deemed unregistered securities, resulting in Ripple paying $125 million in fines[1][3].
Following the dismissal of appeals, the SEC granted Ripple a waiver on August 8, 2025, from a Regulation D disqualification provision tied to the prior injunction. This waiver is considered another regulatory win for Ripple and is expected to accelerate institutional adoption of XRP[4].
As the SEC and Ripple move forward, the upcoming internal meeting may set broader crypto regulatory policies but is unlikely to affect this now-closed case directly[4]. The finality of the case and regulatory actions post-settlement have already boosted XRP’s market performance and prospects for institutional products like XRP exchange-traded funds (ETFs)[4].
At the time of writing, XRP is trading at $3.04, reflecting a 2.16% increase in the last 24 hours[5]. The trading volume of XRP is down by 5.35% at $4.8 billion[6]. Ripple currently ranks as the 23rd biggest private entity by market capitalization, with a value of $15 billion[7].
The outcome of the SEC vs. Ripple case may set a precedent for future crypto regulation. Ripple's criticisms of a draft Crypto Market Structure Bill are not detailed in the article, but the resolution of this case could influence the SEC's approach to enforcing crypto regulations in the future[8].
One of the most popular crypto lawsuits in history, the SEC vs. Ripple case, is still making headlines. Today, the SEC is having an internal meeting to discuss the way forward in the Ripple case, which may determine the length of the lawsuit[9]. Scott Melker, The Wolf of All Streets, has shared an update indicating that the SEC will discuss whether to accept Ripple's withdrawal request in a matter of hours[10].
Despite the legal resolution, the specific details of what Gamza Khanzadaev is building for Ripple's code are not provided in the article[11]. However, the regulatory win for Ripple may help Khanzadaev's efforts in accelerating institutional adoption of XRP[4].
In terms of competition, Ripple outperformed Swedish fintech company Klarna, which has a market capitalization of $14.5 billion[12]. The future of XRP and the broader crypto market remains to be seen, but the resolution of the SEC vs. Ripple case marks a significant development in crypto regulation in the U.S.
References:
- SEC vs. Ripple: The Legal Battle That Changed Crypto Regulation
- Ripple Wins Major Victory in SEC Lawsuit, XRP Price Surges
- Ripple's Legal Battle with SEC Concludes: What Does This Mean for XRP and Crypto Regulation?
- Ripple Obtains Significant Regulatory Win Post-Settlement with SEC
- XRP Price Index - CoinGecko
- XRP (XRP) - CoinMarketCap
- Ripple (XRP) Market Capitalization
- Ripple Criticizes Draft Crypto Market Structure Bill
- SEC to Discuss Ripple Case Internal Meeting
- The Wolf of All Streets Shares Update on SEC's Decision regarding Ripple
- Gamza Khanzadaev Returns to Work on Ripple Code
- Klarna Market Capitalization
- The mixed ruling from the SEC vs. Ripple case has determined that secondary market sales of XRP do not constitute securities offerings, opening up possibilities for stablecoin trading in the crypto market.
- The regulatory win for Ripple, following the settlement with the SEC, is expected to have a substantial impact on the market performance of XRP, with the cryptocurrency currently ranking as the 23rd biggest private entity by market capitalization.
- As the SEC and Ripple move forward, the resolution of this high-profile lawsuit may set a precedent for future crypto regulation, particularly in relation to the enforcement of securities trading policies and the development of institutional investing products like XRP exchange-traded funds (ETFs).
- The outcome of the SEC vs. Ripple case demonstrates the influence technology and financial innovation can have on market regulation, with the newly-gained waiver from a Regulation D disqualification provision potentially accelerating institutional adoption of XRP and other digital assets.
