SEC and Ripple drop appeals, keeping XRP ruling intact and marking a major win for Ripple.
The long-standing SEC and Ripple legal battle has officially come to an end. Both parties have agreed to drop their appeals, leaving the court’s ruling on XRP intact. This decision marks a significant milestone in the legal history of the crypto industry and a major victory for Ripple.
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A Brief Timeline of the SEC vs Ripple Case
The conflict began in late 2020 when the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs Inc., accusing the company of selling XRP as an unregistered security. The lawsuit triggered uncertainty across the market, causing XRP’s price to plummet and leading many major exchanges to suspend its trading.
In July 2023, the court ruled that XRP sales on secondary markets were not considered securities transactions. This was hailed as a landmark win for Ripple and the XRP community. Despite this, the SEC sought to appeal the ruling—until both sides eventually decided to abandon further legal action.
Impact on XRP and the Crypto Market
With the case now closed, XRP’s legal status in the U.S. is clearer than ever. Investors can trade with greater confidence, as much of the regulatory risk that once loomed over XRP has now diminished. This clarity is also expected to encourage exchanges and institutions to reintroduce or expand their support for XRP.
Moreover, the decision could set a powerful precedent for other crypto-related legal disputes in the United States. Industry leaders see Ripple’s victory as a sign that crypto regulation in the U.S. needs more clarity and consistency, rather than relying solely on enforcement actions.
Community and Investor Reaction
News of the SEC and Ripple ending their appeals sparked a swift positive reaction in the market, with XRP’s price seeing an immediate uptick. The XRP community celebrated across social media, viewing the development as a crucial step toward a more stable and promising future for Ripple’s ecosystem.
Ripple CEO Brad Garlinghouse emphasized that the outcome is not just a win for Ripple but for the entire crypto industry seeking legal certainty. The SEC, on the other hand, has yet to release a detailed statement explaining its decision to halt the appeals.
Conclusion
The end of the SEC and Ripple legal fight brings much-needed relief to the crypto market. With the XRP ruling intact, Ripple can now focus on expanding its global operations without the shadow of U.S. legal uncertainty. This resolution may also pave the way for broader adoption of XRP and fuel momentum toward more transparent and fair crypto regulation in the future.
