XRP News Today: Ripple Drops Appeal Ending 4-Year SEC Battle

Ripple Labs has decided to drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC), effectively ending a protracted legal battle that began in December 2020. The dispute originated when the SEC filed a lawsuit against Ripple Labs, its co-founder Chris Larsen, and CEO Brad Garlinghouse, alleging that the company had raised $1.3 billion through the unregistered sale of XRP securities.

Garlinghouse had previously characterized the $125 million fine imposed in August 2024 as a "victory," noting that it represented a 94% reduction from the $2 billion initially sought by the SEC. This resolution, if the SEC also abandons its appeal, will conclude a four-year conflict that has significantly influenced the regulatory environment for crypto assets in the United States.

The end of this legal dispute brings clarity to the regulatory status of XRP, which may stabilize the market for investors. Ripple's decision to drop its appeal indicates confidence in its business model and regulatory standing. This development could also provide guidance for other cryptocurrency companies facing SEC scrutiny, offering a clearer path forward in navigating regulatory challenges.

While the XRP price surge following the news was brief, the resolution of this case is expected to have a lasting impact on the cryptocurrency market. The legal battle has been a focal point for discussions on the classification and regulation of digital assets, and its conclusion may pave the way for more defined regulatory frameworks in the future.