Ripple Ends XRP Lawsuit Appeal
Ripple Drops XRP Lawsuit Appeal
The long-running legal battle between Ripple and the Securities and Exchange Commission (SEC) has officially concluded. Ripple announced on June 27, 2025, that it is withdrawing its cross-appeal, effectively ending its challenge to the court's 2023 ruling. This decision brings a decisive end to one of the crypto industry's most significant legal disputes.
CEO Brad Garlinghouse confirmed the move, stating that Ripple will not contest the court's finding that XRP sales to institutional investors were securities transactions. This follows a June 26th ruling denying a motion to modify the injunction and reduce penalties. The court's 2023 decision which stated that XRP sales on exchanges are not securities remains in effect.
What This Means for XRP and the Crypto Industry
- Finality: The lawsuit is effectively over pending the SEC's formal withdrawal of its appeal (expected soon).
- Regulatory Clarity (Partial): Provides further clarity regarding the sale of XRP to institutional investors, while maintaining clarity around retail XRP trading.
- Financial Implications for Ripple: Ripple accepts the court's judgment, including the restriction on institutional XRP sales and the potential for a $102.6 million penalty.
- Precedent Setting Case: This case serves as a significant precedent for future crypto regulation in the United States.
The ongoing legal uncertainty surrounding XRP has significantly impacted the cryptocurrency market. This resolution offers a degree of stability, although the broader implications for the crypto regulatory landscape will continue to unfold. Codeum, a leading blockchain security and development platform, remains committed to providing its clients with expert guidance and solutions in this evolving regulatory climate. Our services include smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. Contact us to learn more.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Conduct thorough research before making any investment decisions.