SEC Drops Hammer on Ripple Case – XRP Soars as Legal Battle Concludes

After years of regulatory wrangling, the SEC's landmark decision on Ripple sends shockwaves through crypto markets—and XRP holders are cashing in.

The verdict is in (finally)

The Securities and Exchange Commission closed its high-profile case against Ripple Labs today, ending a legal saga that’s kept traders on edge since 2020. No appeals. No last-minute surprises. Just a clean break—and a 20% price surge for XRP before the ink dried.

Market reacts before the press release

As usual, Wall Street was late to the party. Crypto exchanges saw XRP volumes spike hours before mainstream outlets picked up the news—because nothing moves faster than money chasing regulatory clarity (except maybe a memecoin pump-and-dump).

What’s next for Ripple?

With the legal overhang gone, Ripple’s execs can finally focus on what really matters: convincing banks to use their payment tech instead of just trading the token. Good luck with that pivot.

One thing’s certain—today’s decision proves crypto’s oldest rule: the only thing more volatile than prices is regulators’ moods.

SEC Ripple Case Closure Sparks XRP Price Jump and Market Optimism

Joint Dismissal Finalizes the SEC Ripple Decision

The Securities and Exchange Commission along with Ripple Labs engineered joint paperwork to the Second Circuit Appeals Court, requesting dismissal of both appeals across several key regulatory channels. The SEC Ripple case resolution confirms that each party will bear their own legal costs, ending the regulatory uncertainty that has been surrounding XRP since late 2020 through various major enforcement actions.

Ripple’s Chief Legal Officer Stuart Alderoty had this to say:

He also added:

Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.

The end…and now back to business. https://t.co/nVqthNcFOt

Final Ruling and XRP Price Jump Impact

With appeals now abandoned, Judge Analisa Torres‘ July 2023 ruling becomes final across numerous significant market implications. The decision actually determined that XRP sold on public exchanges were not securities, while institutional sales were classified as unregistered securities through multiple essential regulatory frameworks. Judge Torres ordered Ripple to pay $125 million, which was far below the SEC’s original $2 billion request.

The XRP price jump reflects market optimism right now, with the token accelerating 10.6% over the past day. Data shows XRP maximized gains of nearly 99% from its April low of $1.79 to a July peak of $3.56, demonstrating how the SEC Ripple case resolution has revolutionized investor confidence across several key trading sectors.

Regulatory Shift Under Trump Administration

The SEC Ripple decision aligns with President Trump’s promise to reform aggressive crypto enforcement involving various major policy initiatives. The original lawsuit was filed back in December 2020, but the current administration has pioneered a more crypto-friendly approach, with the SEC dismissing multiple cases against crypto companies.

This SEC Ripple decision established important precedent for digital asset regulation, distinguishing between public exchange sales and also institutional transactions through certain critical legal frameworks. The resolution removes regulatory uncertainty that affected XRP for four years, allowing Ripple to leverage business operations without litigation burden across numerous significant market areas.

The XRP price jump to $3.35 reflects renewed market confidence following this landmark SEC Ripple case conclusion.