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- Ripple and SEC mutually agreed to end their legal battle by dropping all appeals.
- The decision represents the conclusion of a high -level conflict in the digital asset industry.
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The CEO of Ripple Brad Garlinghouse confirmed today that the company has dropped its cross appellant in the XRP suit, and expects the American Securities and Exchange Committee to do the same.
Ripple falls our cross, and SEC is expected to resume, as they said earlier. We close this chapter once and forever, and focus on what is the most important – building the value of the value. Lock in. https://t.co/zsrgdfcplh
Brandinghouse June 27, 2025
“Ripple decreases from our cross appeal, and SEC is expected to drop its attractiveness, as they previously said,” Garlinghouse published on X.
This announcement follows the decision of the Federal Judge to reject a joint proposal by Ripple and SEC to reduce the Ripple penalty to $ 50 million. Judge Angia Torres ruled that the parties had no authority to evacuate a permanent judicial order or change the fine without meeting exceptional legal criteria, which she said they did not.
Despite this setback, it seems that both sides are now ready to go forward. The original ruling, issued in July 2023, saw that XRP sales on public stock exchanges do not violate securities laws, but institutional sales total $ 728 million. Ripple was fined 125 million dollars and prevented from similar sales.
Ripple’s decision to abandon its appeal reflects a shift towards operational clarity. As regulatory claims against Coinbase, Kaken and Binance are also decreased in recent months, SEC appears to be ease of encryption enforcement position under the Trump administration.
A story in development.
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