{"id":34180,"date":"2025-06-28T11:01:52","date_gmt":"2025-06-28T11:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34180"},"modified":"2025-06-28T11:01:52","modified_gmt":"2025-06-28T11:01:52","slug":"ripple-and-sec-drop-appeals-ending-a-five-year-legal-standoff","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34180","title":{"rendered":"Ripple and SEC Drop Appeals, Ending a Five-Year Legal Standoff"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Ripple and the U.S. Securities and Exchange Commission have agreed to <\/span><span data-preserver-spaces=\"true\">call it quits on<\/span><span data-preserver-spaces=\"true\"> one of the most closely watched legal battles in crypto.<\/span><span data-preserver-spaces=\"true\"> Both sides are dropping their appeals, bringing an end to nearly five years of courtroom drama over the status of XRP. <\/span><span data-preserver-spaces=\"true\">Ripple CEO Brad Garlinghouse confirmed the decision publicly, <\/span><span data-preserver-spaces=\"true\">saying<\/span><span data-preserver-spaces=\"true\"> the company is finally ready to move <\/span><span data-preserver-spaces=\"true\">on<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This decision <\/span><span data-preserver-spaces=\"true\">comes after<\/span><span data-preserver-spaces=\"true\"> a series of rulings, negotiations, and attempted settlements that kept the industry guessing for years.<\/span><span data-preserver-spaces=\"true\"> While some questions remain unresolved, both Ripple and the SEC seem to have decided that continuing the fight was no longer worth it.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How It All Started<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The SEC first sued Ripple back in December 2020, accusing the company of raising more than $1.3 billion by selling XRP as an unregistered security. Ripple pushed back, arguing that XRP should be treated like a currency, not an investment contract. <\/span><span data-preserver-spaces=\"true\">What followed was a <\/span><span data-preserver-spaces=\"true\">long<\/span><span data-preserver-spaces=\"true\"> legal tug-of-war that <\/span><span data-preserver-spaces=\"true\">saw<\/span><span data-preserver-spaces=\"true\"> partial wins and losses on both sides.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BOOOOOOOOOOOOOOOOOOM!!!<a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Ripple<\/a> is dropping its cross appeal, and the SEC is expected to drop their appeal! <\/p>\n<p>Congratulations <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#XRP<\/a> holders! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f973.png\" alt=\"\ud83e\udd73\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f389.png\" alt=\"\ud83c\udf89\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/jGcij0Fa1A\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/jGcij0Fa1A<\/a><\/p>\n<p>\u2014 JackTheRippler \u00a9 (@RippleXrpie) <a href=\"https:\/\/twitter.com\/RippleXrpie\/status\/1938708772618170434?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 27, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">In 2023, Judge Analisa Torres ruled that XRP <\/span><span data-preserver-spaces=\"true\">traded<\/span><span data-preserver-spaces=\"true\"> on public exchanges <\/span><span data-preserver-spaces=\"true\">did<\/span><span data-preserver-spaces=\"true\"> not violate securities laws.<\/span><span data-preserver-spaces=\"true\"> However, she also found that Ripple\u2019s institutional sales of XRP did. That ruling set the stage for a complicated round of appeals. Ripple challenged the decision on institutional sales. The SEC, on the other hand, wanted to challenge the ruling that XRP used by retail traders did not fall under securities rules.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why They\u2019re Walking Away Now<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this month, Ripple and the SEC tried to reach a final resolution. Ripple offered to pay a lower penalty and end the case. But the judge pushed back, saying her previous ruling still stood and neither side could sidestep it. That made it clear that the appeals process would drag on, with no guarantee of a better outcome for either party.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-xrp\" data-coin-symbol=\"xrp\" data-price-usd=\"XRP Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/03\/05094533\/xrp-xrp-logo.svg\" alt=\"xrp logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">XRP<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">XRP<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$129.04B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-685fca5348439\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">In the end<\/span><span data-preserver-spaces=\"true\">, both Ripple and the SEC <\/span><span data-preserver-spaces=\"true\">seem<\/span><span data-preserver-spaces=\"true\"> to have <\/span><span data-preserver-spaces=\"true\">decided<\/span><span data-preserver-spaces=\"true\"> that enough was enough.<\/span><span data-preserver-spaces=\"true\"> By dropping the appeals, they lock in the current court findings and avoid the risk of a higher court reversing any part of the judgment. That means the mixed result from last year will stand: XRP is not a security when sold on exchanges, but it is when sold to institutional investors in the way Ripple originally did <\/span><span data-preserver-spaces=\"true\">it<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">What It Means for the Crypto Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The end of this legal battle removes a major cloud that has been hanging over XRP and, more broadly, over crypto regulation in the United States. For Ripple, it clears the way to focus on growing its payments business and building out the XRP Ledger without the constant distraction of court deadlines and legal fees.<\/span><\/p>\n<figure id=\"attachment_253945\" aria-describedby=\"caption-attachment-253945\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-253945 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Ripple-and-SEC-Drop-Appeals-Ending-a-Five-Year-Legal-Standoff.jpg\" alt=\"Ripple SEC Case Ends as Both Sides Drop Appeals\" width=\"1000\" height=\"667\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Ripple-and-SEC-Drop-Appeals-Ending-a-Five-Year-Legal-Standoff.jpg 1000w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Ripple-and-SEC-Drop-Appeals-Ending-a-Five-Year-Legal-Standoff-300x200.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Ripple-and-SEC-Drop-Appeals-Ending-a-Five-Year-Legal-Standoff-768x512.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Ripple-and-SEC-Drop-Appeals-Ending-a-Five-Year-Legal-Standoff-50x33.jpg 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Ripple-and-SEC-Drop-Appeals-Ending-a-Five-Year-Legal-Standoff-350x233.jpg 350w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-253945\" class=\"wp-caption-text\">Source: Shutterstock<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">For the industry, it may mark a turning point. Regulators and crypto companies have spent the last few years locked in lawsuits over how digital assets should be classified. This case was a key example. With it wrapped up, there may be more room for cooperation or at least a little more clarity about what counts as <\/span><span data-preserver-spaces=\"true\">security<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Comes Next<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple still faces a fine tied to its past institutional sales, but the appeals <\/span><span data-preserver-spaces=\"true\">are done<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> From here, the focus shifts to how the company rebuilds momentum and how regulators respond. With Congress debating new legislation and other lawsuits still pending, the XRP case may be over, but the broader conversation about crypto regulation is far from settled.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple and the SEC have officially ended their appeals, closing a nearly five-year legal battle over the status of XRP.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Judge Torres\u2019 2023 ruling stands: XRP is not a security when traded on exchanges, but it is when sold to institutional investors.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Both parties walked away from appeals to avoid further risk and legal costs, locking in a mixed court outcome.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The end of the case clears a major regulatory hurdle for Ripple and removes uncertainty for XRP holders.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        While the Ripple-SEC case is over, the broader debate around crypto regulation and asset classification continues in U.S. courts and Congress.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/ripple-sec-case-ends-as-both-sides-drop-appeals\/\">Ripple and SEC Drop Appeals, Ending a Five-Year Legal Standoff<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple and the U.S. Securities and Exchange Commission have agreed to call it quits on one of the most closely watched legal battles in crypto. Both sides are dropping their appeals, bringing an end to nearly five years of courtroom drama over the status of XRP. Ripple CEO Brad Garlinghouse confirmed the decision publicly, saying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34180","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34180"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34180\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}