Haciyev Reşit 
The long-running legal battle between Ripple and the SEC has officially come to an end. The U.S. Court of Appeals for the Second Circuit approved the joint stipulation of dismissal submitted by both parties, effectively withdrawing the SEC’s appeal as well as Ripple’s cross-appeal. With this decision, the critical case that has been ongoing since 2020 is now closed.
How Did the Case Begin?
- In December 2020, the SEC filed a lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Chairman Chris Larsen.
- Allegation: The SEC claimed that Ripple’s sales of XRP violated securities laws.
- The trial court imposed a civil penalty of $125,035,150 on Ripple and issued an injunction prohibiting further unregistered securities sales.
End of the Appeals Process
On August 7, 2025, both the SEC and Ripple submitted a joint stipulation to withdraw their appeals. The U.S. Court of Appeals for the Second Circuit accepted the filing, officially closing the case. As a result, the $125 million penalty and injunction ruling by the trial court became final.
End of a Four-Year Battle
This decision marks the conclusion of the Ripple-SEC case, which lasted more than four years.
While the outcome imposes significant financial and operational burdens on Ripple, it also removes years of legal uncertainty — a development that could open the way forward for both the company and XRP.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.