Ripple Withdraws Cross-Appeal Against SEC, Accepts Fine
The post Ripple Withdraws Cross-Appeal Against SEC, Accepts Fine appeared on BitcoinEthereumNews.com.
Key Points: Ripple ends legal battle with SEC, accepts $125 million penalty. XRP sales to retail remain non-security transactions. Judicial closure expected pending formal court approvals. Ripple Labs has withdrawn its cross-appeal against the U.S. SEC, culminating a multi-year legal dispute dating back to 2019. This decision confirms Ripple’s acceptance of the initial court ruling and the accompanying $125 million civil penalty. The resolution of Ripple’s case with the SEC marks an essential milestone for the cryptocurrency industry, particularly for XRP investors. The judgment maintains XRP’s non-security status in retail exchange contexts while acknowledging violations in institutional sales scenarios. Ripple Accepts $125 Million Fine, Concludes SEC Dispute Ripple’s decision to withdraw its cross-appeal against the SEC highlights its willingness to conclude the legal saga dating to 2019. CEO Brad Garlinghouse emphasized that this step allows Ripple to “close this chapter.” The firm will settle for a $125 million fine per earlier court rulings, while respecting terms surrounding institutional sales. CEO Garlinghouse commented on X (formerly Twitter) that this marks “closure,” with the absence of major statements from other executives or SEC insiders thus far. The withdrawal implies continued legal certainty for XRP in retail markets, confirmed by Ripple’s Chief Legal Officer Stuart Alderoty that “XRP remains not a security.” Following Judge Torres’s earlier decree, retail transactions remain unaffected while institutional protocols adjust post-permanent injunction. A final court order is required for wrapping up legal formalities, expected in subsequent sessions. The case’s climax drew mixed reactions within the crypto sector. Ripple hailed it as a victory for retail clarity, yet cautious optimism prevails within XRP-focused forums and developer chains, wary until all dismissals receive formal judicial stamps. Brad Garlinghouse, CEO, Ripple, – “We’re closing this chapter once and for all.” XRP Maintains Non-Security Status Amid Market Shifts Did you know? Ripple’s…
Filed under: News - @ June 28, 2025 5:26 pm