- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Ripple and SEC end their legal battle.
- XRP price rises post-settlement announcement.
Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) have agreed to drop all appeals, concluding the ongoing lawsuit over XRP. This resolution was confirmed by Ripple CEO Brad Garlinghouse on June 27, 2025.
The event signifies a pivotal conclusion to a pivotal legal dispute in the cryptocurrency space. Ripple’s acceptance of a $125 million civil penalty reflects the ending of legal uncertainties impacting XRP.
Ripple Labs, under CEO Brad Garlinghouse, reached a settlement with the SEC, dropping appeals and agreeing to financial penalties. The decision brings closure to legal challenges over XRP’s security status, impacting its market positioning.
XRP experienced a 3% price increase following the announcement, indicating market confidence. Legal clarity aids Ripple’s business focus on building the “Internet of Value,” a forward-looking strategy emphasized by Garlinghouse.
“Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.” – Brad Garlinghouse
This decision marks a significant moment in regulatory proceedings within the crypto industry. Judge Analisa Torres rejected a previous lower settlement proposal, influencing Ripple’s final penalty. Markets responded positively, reflecting investor sentiment in XRP’s fortification.
This decision’s outcome might influence broader regulatory frameworks affecting cryptocurrencies. Significant attention turns to Ripple’s strategic direction post-lawsuit, with potential shifts in focus towards technological innovations and expanding market utilities.
