XRP News Today: SEC and Ripple Seek Court Approval to Drop XRP Legal Case Appeals

The U.S. Securities and Exchange Commission (SEC) has submitted a status report to the U.S. Court of Appeals for the Second Circuit, signaling a key step toward the resolution of its ongoing legal dispute with Ripple Labs and its executives over XRP tokens [1]. The filing occurred on August 15, 2025, as part of a process that follows previous court orders issued in April and June of the same year, which required the parties to provide regular updates on the case’s progress [2].

The report coincides with a joint stipulation of dismissal filed by both the SEC and Ripple, seeking the court’s approval to drop all appeals in the case. The stipulation, filed under docket numbers 24-2648 and 24-2705, outlines that the parties will each bear their own legal costs, as is standard in such settlements [3]. This development indicates that the case is approaching a formal and complete closure, pending the final approval of the appellate court.

This comes after a May 2025 settlement between Ripple and the SEC, in which Ripple agreed to a civil penalty of $125 million and accepted a restraining order to prevent future violations of securities laws [4]. Although the settlement resolved the underlying claims, the dismissal of the appeals now aims to finalize all procedural aspects of the case. The resolution is viewed as a landmark for the digital asset industry, offering clarity on the regulatory treatment of XRP and potentially influencing future enforcement actions [5].

The legal dispute, which began in December 2020, centered on the SEC’s assertion that Ripple’s sale of XRP tokens constituted an unregistered securities offering. Ripple and its executives countered that XRP is not a security and that the SEC’s enforcement lacked a consistent regulatory framework. The outcome has had far-reaching implications for the broader cryptocurrency sector, with market participants closely watching the case for compliance guidance and legal risk assessment.

The pending dismissal of the appeals is expected to reduce legal uncertainty surrounding XRP, potentially stabilizing investor sentiment. Market observers are now shifting attention to the broader implications for digital asset regulation, including the potential for further enforcement actions against other blockchain companies [6].

The SEC’s litigation releases confirm the joint stipulation of dismissal, noting the filing under Release No. LR-26375 on August 15, 2025 [7]. This aligns with earlier settlements involving Ripple and its executives, which were documented under Release No. LR-26306 on May 7, 2025 [8].

The resolution of the SEC vs. Ripple case is expected to serve as a reference point for future enforcement actions, particularly in the absence of a clear legal definition of what constitutes a “security” in the digital asset space. Analysts and industry participants are likely to monitor any follow-up regulatory statements or actions for further signals on the SEC’s approach to digital assets.

The dismissal of the appeals does not imply an endorsement of Ripple’s legal arguments by the SEC but rather reflects a strategic decision to conclude the matter without further litigation. This outcome allows both parties to avoid the uncertainties and costs associated with an appeal to the U.S. Supreme Court or a potential reversal of the settlement terms.

As the cryptocurrency market reacts to the news, the focus is now likely to shift toward broader market dynamics, including ongoing developments in ETF filings and macroeconomic factors influencing investor behavior. The resolution of this case, however, provides a definitive chapter in the legal history of XRP and offers the industry a degree of stability as it continues to evolve.

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Sources:

[1] Times (2025). XRP Lawsuit: SEC Makes Fresh Filing With Court of Appeals. https://timestabloid.com/xrp-lawsuit-sec-makes-fresh-filing-with-court-of-appeals-to-dismiss-the-case-completely/

[2] Markpaul (2025). SEC & Ripple Labs drop a bombshell. https://x.com/markpaul87/status/1956489001969574319

[3] SEC.gov (2025). Litigation Releases. https://www.sec.gov/enforcement-litigation/litigation-releases

[4] Bitget (2025). Ripple–SEC Lawsuit: A Turning Point for Digital Asset. https://www.bitget.com/news/detail/12560604914162

[5] Binance (2025). XRP new update 15 agust. https://www.binance.com/en/square/post/28355179990130

[6] The (2025). Latest XRP (Ripple) News Today. https://thecryptobasic.com/tag/ripple/