XRP News Today: SEC and Ripple Seek Dismissal of Appeals in Landmark XRP Case

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly requested the dismissal of their respective appeals in their long-running legal battle over XRP. The stipulation was submitted on August 15, 2025, to the Court of Appeals for the Second Circuit, marking a significant step toward the formal conclusion of the case, although final judicial approval remains pending [1]. This development suggests both parties are moving toward a mutual resolution after a protracted legal dispute that began in 2019.

The joint stipulation follows a motion in the Southern District of New York to redistribute Ripple’s $125 million settlement fine, which was initially reached in 2023. Under the proposed plan, $50 million would be allocated to the SEC and $75 million returned to Ripple. However, the motion was rejected by Judge Analisa Torres [1]. Despite this, both parties have now agreed to drop their appeals, signaling a shift in strategy toward case closure.

The 2023 settlement was significantly lower than the $2 billion originally demanded by the SEC, and since then, Ripple has maintained a legal stance defending XRP as a non-security in public sales. The dismissal of appeals reinforces this position and removes a key regulatory uncertainty that had clouded the asset’s status for years [3].

The resolution has broader implications for the cryptocurrency market. With regulatory clarity now emerging, institutional investors may feel more confident in engaging with XRP and other digital assets. Market sentiment has already begun to shift, with XRP experiencing a price rebound in the months following the 2023 settlement, and some analysts noting favorable technical indicators that suggest renewed investor interest [4].

The pending court approval is a necessary step in finalizing the dismissal, as appeals must be explicitly authorized by the court before they can be officially terminated [1]. Once approved, the case will be formally closed, establishing a precedent for how digital assets are treated under U.S. securities law. It also underscores the role of the judiciary in shaping the legal framework for emerging financial technologies.

Both the SEC and Ripple have agreed to cover their own legal fees, a common practice in such cases [5]. This arrangement, along with their decision to forgo further appeals, reflects a pragmatic approach to resolving the dispute. It also aligns with broader trends in the cryptocurrency industry, where legal certainty is increasingly seen as essential for institutional adoption and long-term growth.

The outcome of this case reinforces the importance of regulatory clarity in fostering market confidence. Even when achieved through lengthy litigation, such clarity can serve as a stabilizing force in the volatile crypto market. This case is another piece of the legal puzzle defining the evolving regulatory landscape for digital assets.

Source:

[1] https://www.ainvest.com/news/xrp-news-today-sec-ripple-case-closure-appeals-dismissal-sought-2508/

[2] https://www.mitrade.com/insights/news/live-news/article-3-1022155-20250808

[3] https://www.aol.com/news/sec-ends-lawsuit-against-ripple-154403130.html

[4] https://www.aol.com/could-xrp-ripple-hit-10-093000273.html

[5] https://www.mexc.com/news/sec-court-filing-shows-ripples-regulatory-path-clearingxrp-could-rip-once-approval-lands/65582