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Aug 8, 2025
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SEC and Ripple Dismiss Appeals, Ending 2020 Legal Battle

1 min

The U.S. Securities and Exchange Commission (SEC) has officially concluded its lawsuit against Ripple Labs, with both parties voluntarily dismissing their appeals regarding a 2023 ruling. Key points include:

  • The SEC and Ripple will bear their own costs.
  • The legal battle began in 2020 when the SEC alleged Ripple violated securities laws through XRP sales.
  • XRP price increased by 5% to around $3.27 following the dismissal announcement.
  • A 2023 district judge ruled that Ripple's sales of XRP to retail traders did not violate securities laws.
  • Ripple faced penalties including a $125 million fine and a permanent injunction against future violations.
  • Appeals were paused earlier this year amid changes in SEC leadership after Donald Trump's reelection.
  • Attempts to negotiate reduced penalties were rejected by Judge Analisa Torres due to procedural issues.