XRP News Today: SEC vs Ripple Lawsuit Ends After Four Years, XRP Gains 7.8%

Generated by AI AgentCoin World
Thursday, May 8, 2025 6:27 pm ET1min read
XRP
--

The United States Securities and Exchange Commission (SEC) has filed a settlement agreement letter with U.S. District Court Judge Analisa Torres, marking a significant development in the longstanding litigation against Ripple Labs. This move officially closes the SEC vs. Ripple lawsuit after more than four years of legal battles.

Following the submission of the settlement agreement letter, Judge Torres will need to decide whether to dissolve the injunction and release the $50 million held in escrow back to Ripple Labs. If Judge Torres approves the settlement request, both Ripple and the SEC will then focus on the Second Circuit, where they will seek to dismiss the SEC’s appeal and Ripple’s cross-appeal, effectively concluding the case.

“After the injunction is dissolved and the funds distributed, the SEC and Ripple will ask the Court of Appeals to dismiss the SEC’s appeal and Ripple’s cross-appeal. Then it will be over,” noted James K Filan, a top defense lawyer.

The conclusion of the SEC vs Ripple case is a major milestone for the entire altcoin market, especially as the anticipated 2025 altseason approaches. Ripple Labs has taken significant steps to grow the XRPL network amid increasing regulatory clarity in the United States.

The closure of the SEC vs Ripple case is expected to have a long-lasting impact on Ripple’s business model. As an American-based web3 company, Ripple is well-positioned to attract strategic partnerships from

financial institutions
in the near future.

On-chain data indicates that XRP whale investors, with account balances ranging from 10 million to 100 million coins, have added more than 880 million coins in the past month, bringing their total holdings to about 7.75 billion units. This accumulation has contributed to a bullish sentiment surrounding XRP, similar to that seen in Bitcoin and the broader altcoin market.

In the past 24 hours, the price of XRP gained over 7.8 percent to trade at about $2.3 during the late North American trading session on Thursday, May 8. According to crypto analyst Ali Martinez, XRP price is well positioned to rally towards the next target of about $2.60 after breaching the resistance around $2.26.