8-8-2025 – Ripple and the SEC filed a joint dismissal Wednesday, officially ending their appeals and concluding a five-year legal saga over XRP. The XRP price spiked over 4% following the development, with some sources reporting gains as high as 8%.
The joint dismissal was signed by attorneys representing Ripple, CEO Brad Garlinghouse, Executive Chairman Chris Larsen, and the SEC. Each side will bear its own costs and fees as a result of the dismissal, marking the end of one of crypto’s most closely watched regulatory cases that began in December 2020.
Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business. https://t.co/nVqthNcFOt
— Stuart Alderoty (@s_alderoty) August 7, 2025
The resolution leaves intact the 2023 district court ruling that found XRP is not a security when sold on public exchanges, though Ripple paid a $125 million penalty for institutional sales. Ripple’s Chief Legal Officer Stuart Alderoty noted that the company can now focus on business operations without the overhang of ongoing litigation.
