Key dealers
- Ripple and Sec have mutually agreed to terminate their legal battle by releasing all appeals.
- The decision marks the end of a high -profile dispute in the digital asset industry.
Ripple CEO Brad Garlinghouse today confirmed that the company has lost its appeal in the XRP atmosphere and expects the US Securities and Exchange Commission to do the same.
Ripple loses our appeal, and Sec is expected to release its appeal, as they have previously said. We close this chapter once and for all, and focus on what is most important – to build the value on the internet. Lock in. https://t.co/zrgdfcplh
– Brad Garlinghouse (@bgarlinghouse) June 27, 2025
“Ripple loses our appeal, and the SEC is expected to release its appeal, as they have previously said,” published Garlinghouse on X. “We close this chapter once and for all and focus on what’s most important – to build Internet of Value.
The announcement follows a federal judge’s decision to reject a joint proposal from Ripple and Sec to reduce Ripple’s penalty to $ 50 million. Judge Analisa Torres decided that the parties had no authority to lead a permanent injunction or change the fine without fulfilling exceptional legal standards, which she said they had not done.
Despite this setback, both sides now seem ready to move on. The original decision, which was issued in July 2023, considered that the XRP sales on public exchanges did not violate securities laws, but institutional sales totaling $ 728 million made. Ripple received a fine of $ 125 million and was excluded from similar sales.
Ripple’s decision to abandon his appeal reflects a shift towards operational clarity. With regulatory moods against Coinbase, Kraken and Binance, also dropped in recent months, Sec seems to facilitate its crypto enforcement during the Trump administration.
Story in development.
