This report is considered a critical step toward the official closure of the case. Once the court approves the report, the lawsuit will be formally concluded. The case, which began four years ago, targeted Ripple and its executives over $1.2 billion in XRP sales. The SEC argued that XRP was a security, impacting the token’s market price. 

#XRPCommunity #SECGov v. #Ripple #XRP The @SECgov has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court. pic.twitter.com/X74wFRhswq

— James K. Filan (@FilanLaw) August 15, 2025

Process Following the Joint Denial of Appeals 

On August 7, Ripple and the SEC jointly withdrew their appeal requests. This step is seen as an indication that the case is almost over. Ripple retracted its cross-appeal, followed by the SEC withdrawing its own appeals. Under the settlement, Ripple will pay $125 million, much lower than the initial $2 billion. 

Certain restrictions on future institutional XRP sales will remain. SEC Chair Paul Atkins stated that this is a milestone for U.S. crypto regulation. A crypto community member, Sherrie, noted that the status report was submitted late. The court needed the report because it had not formally approved the joint withdrawal. This allows Ripple to continue operations while exercising its waiver rights. 

The XRP case has long been closely monitored by the crypto market. The rejection of appeals and the SEC’s status report signal the official closure of the case. Ripple will now operate within a legal framework for institutional sales and fulfill registration requirements. As a result, XRP investors continue to closely follow the case’s conclusion. 

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