In the first week of this current month, both parties chose to drop their appeals, indicating that a legal disagreement stemming from 2020 (when the SEC alleged that Ripple Labs had raised $1.2 billion without registering its XRP sales) may be approaching resolution.
As a result of being dismissed, Ripple managed to evade the potential multi-billion dollar fines initially suggested by regulators and instead opted for a settlement of $125 million. Notably, courts confirmed that XRP does not classify as a security; however, certain constraints continue to apply to future institutional sales.
Although both parties have withdrawn their appeals, the case is still not completely resolved. The SEC has now submitted a formal status report to the U.S. Second Circuit Court, as instructed to keep the court informed about the matter. Once the court approves this report, the lawsuit will officially come to an end.
It’s been noted by experts that the delay isn’t about the substance of the case, but rather, it’s a matter of procedure. In this case, Ripple has already achieved its desired result; the token in question has been declared free from any security classification.
As a researcher, I’d rephrase that statement as follows: According to community voices, the publication of the report was prompted due to the fact that the appellate court has yet to sanction the dismissal agreement.
The final shutdown is expected to signify a milestone in U.S. cryptocurrency legislation, representing one of the first significant occasions when the expansive SEC interpretation of securities encountered a substantial legal boundary set by the court.
For Ripple, this ruling paves the way for them to operate under more consistent regulations, allowing business transactions to proceed smoothly, despite ongoing discussions in Washington about the appropriate regulations for digital assets.
This article is intended for informational purposes only. It should not be considered as financial advice, an endorsement, or a recommendation for any particular investment strategy or cryptocurrency. It’s crucial to do your own research and consult with a certified financial advisor before making any investment decisions.
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2025-08-16 17:29