XRP News Today: SEC and Ripple File Final Dismissal Report in Long-Running Legal Battle

Generated by AI AgentCoin World
Saturday, Aug 16, 2025 3:41 pm ET1min read
XRP
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Aime RobotAime Summary

- SEC and Ripple submit final dismissal report to court, seeking approval to end years-long XRP securities lawsuit.

- Court approval could establish regulatory precedent for digital assets, clarifying XRP's non-security status.

- SEC launches "Project Crypto" to boost U.S. blockchain leadership, aligning with Trump's innovation agenda.

- Ripple's RLUSD stablecoin ($666M market cap) and XRP burning mechanism reinforce token's scarcity model.

- Analysts project $6.2 XRP price target as regulatory clarity nears, signaling market confidence in crypto sector.

The U.S. Securities and Exchange Commission (SEC) has filed a final status report with the Court of Appeals to confirm the joint stipulation of dismissal in its long-running legal battle with

Ripple
Labs, marking a critical step toward resolving the case [1]. The report, filed on August 15, 2025, highlights that both the SEC and Ripple have agreed to end the lawsuit, pending court approval [2]. This development comes after the SEC formally submitted a joint stipulation of dismissal earlier in the month, but the court has yet to confirm the motion [3].

The resolution of the case would bring an end to years of legal uncertainty surrounding

XRP
, Ripple’s native token. Ripple has consistently maintained that XRP is not a security and has defended its compliance with existing regulations. If the court approves the joint stipulation, it could set a precedent for how other digital assets are classified and regulated in the United States [4]. The outcome is being closely watched by market participants, legal experts, and crypto industry stakeholders, who see it as a potential turning point for digital asset regulation [5].

In parallel, the SEC has been advancing its broader agenda in the crypto space. On August 15, SEC Chair Paul Atkins announced the launch of “Project Crypto,” an initiative aimed at supporting U.S. web3 companies while protecting investors and positioning the U.S. as a global crypto leader [6]. This effort aligns with the broader policy goals of President Donald Trump, who has emphasized the importance of making the United States a hub for blockchain innovation [7].

Ripple has already taken steps to increase the mainstream adoption of XRP, including the launch of Ripple USD (RLUSD), a stablecoin with a market cap of $666 million and a daily trading volume of $187 million. The growth of RLUSD also contributes to the on-chain burning of XRP, further reinforcing the token's fixed supply model [8]. With regulatory clarity in sight, XRP has shown signs of a strong market performance, with analysts identifying a midterm price target of $6.2 based on technical indicators like the 1.618 Fibonacci extension in the Elliott Wave pattern [9].

The outcome of the SEC-Ripple case will likely have broader implications for the crypto market, influencing regulatory approaches to digital assets and investor sentiment. For now, the filing of the final status report represents a key milestone in what could become a landmark case for crypto regulation in the U.S.

[1] SEC.gov – https://www.sec.gov/enforcement-litigation/litigation-releases

[2] MoneyCheck – https://moneycheck.com/ripple-vs-sec-lawsuit-nears-official-end-with-joint-dismissal-pending-approval/

[3] TodayOnChain.com – https://www.todayonchain.com/news/

[4] SEC.gov – https://www.sec.gov/Archives/edgar/data/2055510/0000950170****9442/ck0002055510-20250815.htm

[5] FXEmpire – https://www.fxempire.com/forecasts/article/xrp-news-today-market-focus-turns-to-etfs-and-swift-rivalry-btc-dips-on-fed-sentiment-1541828