Ripple Drops Cross-Appeal in Bold Move to End SEC Legal Battle Permanently
Ripple makes a power play—abandons cross-appeal to force a decisive end to its marathon SEC lawsuit.
The crypto giant's legal chess move pressures regulators to fold or face a protracted public showdown.
Legal experts call it a 'masterstroke' while Wall Street skeptics mutter about 'yet another crypto Hail Mary.'
One thing's clear: Ripple's betting big that judges—not bureaucrats—will write the final chapter here.
Because nothing says 'financial innovation' like spending millions to prove you're not a security... except maybe shorting the SEC's credibility.
Comes After Judge Denies Joint Request to Lift Injunction
The announcement follows Judge Analisa Torres’ denial of a joint request by Ripple and the SEC to dissolve a standing injunction. Under the proposed motion, $50 million of the $75 million fine would have been directed to the SEC, with the remaining $25 million allocated to Ripple — an arrangement both parties agreed to.
The judge, however, declined the motion, citing the lack of any substantial change in facts since the original ruling. Ripple’s decision to withdraw its cross-appeal may reflect a strategic shift to end further delays and uncertainty.
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A New Phase for Ripple
With the legal battle now effectively closed, Garlinghouse emphasized that the company will redirect its energy toward its core mission of enabling blockchain-based value transfer. Ripple has continued building out its global payment infrastructure during the case, and Friday’s statement marks a symbolic end to one of the most high-profile regulatory fights in crypto history.
