XRP News Today: Ripple Ends Legal Battle With SEC, XRP Price May Rise

Ripple, a prominent blockchain firm, has taken a decisive step to conclude its protracted legal battle with the Securities Exchange Commission (SEC). CEO Brad Garlinghouse announced that Ripple is withdrawing its cross-appeal, with the expectation that the SEC will also drop its appeal, effectively ending the case. This move comes after a series of recent setbacks, including the rejection of a joint motion by Ripple and the SEC seeking an indicative ruling to reduce a $125 million civil penalty. The motion also aimed to overturn a prior finding that Ripple’s institutional XRP sales constituted unregistered securities offerings.

Judge Analisa Torres issued a nuanced decision, partially granting the SEC’s request for an injunction and penalty while expressing concerns about Ripple’s prior conduct regarding court-imposed limits. Despite this, Ripple’s leadership maintains that the legal status of XRP remains unaffected by the latest ruling. The SEC originally sued Ripple in December 2020, alleging it raised $1.3 billion through unregistered XRP sales. Although Ripple was not fully exonerated, Garlinghouse previously described the $125 million penalty, imposed in August 2024, as a strategic win, significantly lower than the SEC’s initial demand of $2 billion.

If the SEC proceeds with withdrawing its appeal, as expected, it will mark the end of one of the most significant regulatory enforcement cases in the history of the cryptocurrency industry. This resolution is seen as a compromise that allows both parties to move forward without further protracted legal battles. The end of the legal battle is also expected to have a positive impact on the XRP cryptocurrency. The uncertainty surrounding the lawsuit has been a significant factor in the volatility of XRP's price. With the legal cloud lifted, investors and traders may have more confidence in the cryptocurrency, potentially leading to increased adoption and usage.

Garlinghouse's statement also highlights Ripple's commitment to its long-term vision of building the Internet of Value. This vision involves creating a decentralized financial system that enables seamless and efficient value transfer across borders. By resolving the legal dispute, Ripple can now dedicate more resources to developing its technology and expanding its partnerships with financial institutions and other stakeholders. The end of this chapter allows Ripple to look forward to a future where it can continue to innovate and lead in the blockchain and cryptocurrency space.