The post Court Officially Ends Ripple Vs SEC Case By Dismissing Parties’ Appeals appeared on BitcoinEthereumNews.com.

The U.S. Second Circuit has officially dismissed the SEC’s appeal and Ripple’s cross-appeal, formally ending the multi-year lawsuit.  According to a one-page document shared by prominent defense lawyer James K. Filan, the appellate court approved the SEC and Ripple’s joint stipulation to withdraw their respective appeals.  In the document, the Second Circuit confirmed that the parties are seeking the withdrawal of their appeals. Therefore, the court, through Clerk Catherine O’Hagan Wolfe, stated that the stipulation to dismiss the appeal is “So Ordered.”  – Advertisement – The two-word decision implies that the court has granted the parties’ request to withdraw their appeals, effectively bringing the nearly five-year legal battle to a close.  Second Circuit Dismiss SEC Vs Ripple Appeals Ripple and SEC Appeals  For context, the SEC appealed parts of the Ripple case in October 2024, opposing Judge Analisa Torres’ ruling on programmatic sales and other distributions of XRP.  Despite the Judge declaring these transactions to be non-investment contracts, the SEC still maintained that they violated federal securities laws and sought to overturn the rulings in the Second Circuit.  In response, Ripple also challenged the part of the ruling it lost–institutional sales of XRP. This ruling prompted Judge Torres to impose a $125 million fine against Ripple. The Judge also slammed a permanent injunction against the company, prohibiting it from selling XRP to institutional clients without registering with the SEC.  With the inception of a pro-crypto administration in January, the SEC and Ripple agreed to withdraw their appeals. Part of the agreement involves dismissing the permanent injunction and slashing the $125 million fine to $50 million.  However, Judge Torres denied that request. Consequently, the legal parties filed a joint stipulation of dismissal, asking the Second Circuit to dismiss their appeals. The court has granted the request, and the case has now…

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Filed under: News - @ August 23, 2025 2:28 pm