After a long legal battle, the US Securities and Exchange Commission and Ripple Labs have filed a joint stipulation to dismiss their appeals regarding the XRP case. The case, which began in December 2020 when the SEC sued Ripple for selling XRP as unregistered securities, has been officially concluded.
On Thursday, the Second Circuit Appeals Court acknowledged the joint dismissal of Ripple’s cross-appeal and the SEC’s appeal. The joint stipulation filed under the Federal Rule of Appellate Procedure 42(b)(1) underscored that each party will bear its own costs and fees.
In June 2025, the CEO of Ripple Labs, Brad Garlinghouse, indicated the case would come to an end following Ripple’s withdrawal of its cross-appeal against the SEC.
SEC vs. Ripple: A high-profile case that began in 2020
In 2020, the SEC sued Ripple for offering XRP tokens a unregistered securities. The commission pointed out that XRP is a security, and Ripple raised over $1.3 billion through the token, which was against the securities law. However, Ripple retaliated, highlighting that XRP is not a security and falls under the digital currency category. After years of rulings, appeals, and legal actions, the case has now been resolved favorably.
Crypto-friendly stance of the SEC gives green light for crypto firms
According to several reports and crypto experts, Ripple’s great sigh marks the crypto-supportive vibe of the US, specifically, as President Donald Trump raised multiple crypto initiatives. Besides dropping down lawsuit against Ripple, the SEC has closed enforcement actions against Coinbase, Kraken, Binance, Kraken, and other platforms in the past few months.
