Breaking: Ripple and SEC Drop Appeals in Landmark XRP Lawsuit – What’s Next for Crypto?

The legal battle that shook crypto reaches a turning point—no appeals, no do-overs. Here’s why it matters.

Ripple’s XRP just dodged a bullet. The SEC won’t appeal. Now what?

The short version:
After years of wrangling, both sides walked away. No appeals. No last-minute surprises. Just a quiet exit from the courtroom.

The big picture:
This isn’t just a win for Ripple—it’s a win for crypto clarity. The SEC’s aggressive stance took a hit, and the market noticed. XRP holders? They’re breathing easier.

The cynical take:
Regulators spent millions chasing a case that ended with a whimper. Meanwhile, Wall Street still can’t tell a blockchain from a spreadsheet.

One thing’s clear: The rules of the game are changing. Fast.

SEC Dismisses Appeals Against Ripple

According to court documents, the SEC has dismissed its appeal (Case No. 24-2648), and Ripple has dismissed its cross-appeal (Case No. 24-2705). 

The joint filing states that both parties “stipulate to the dismissal” of the cases, with each side bearing its own legal costs and fees.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The parties have filed a Joint Dismissal of the Appeals. The case is over. pic.twitter.com/QMATRLnxnS

The filing brings to a close one of the most high-profile enforcement actions in crypto history. 

It also marks the final step in the aftermath of Judge Analisa Torres’ 2023 ruling. The ruling found that Ripple’s institutional XRP sales violated securities laws, while programmatic sales and secondary market transactions did not.

Background on the Appeal Process

Ripple and the SEC had both appealed portions of that ruling. The SEC sought to challenge parts of the judgment that did not favor it, while Ripple contested the injunction and $125 million civil penalty imposed for institutional sales.

Earlier this year, the two sides attempted to resolve the dispute through a negotiated settlement that WOULD reduce Ripple’s penalties and vacate the injunction. 

Judge Torres rejected that request in June, forcing both parties back into the formal appeal process.

Today’s filing ends that effort and confirms that. The, currently held in escrow, will now be transferred to the US Treasury.

XRP Market Reaction

Following the filing, XRP surged 5% within the past hour, as traders reacted to the official end of the multi-year legal battle. The altcoin reached an all-time high in late July, but faced significant corrections afterwards. 

So, what does this mean for Ripple and XRP going forward? Ripple remains barred from conducting unregistered institutional sales of XRP.

Meanwhile, the SEC will not pursue any further action on this case. The precedent set by Judge Torres’ ruling stands as a partial victory for both sides. 

With the appeals dismissed and the case closed, Ripple can now MOVE forward under a clearer regulatory framework, though it remains subject to the court-imposed restrictions.