The long-term legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has officially concluded.
On August 7, the parties filed a joint dismissal provision with the U.S. Court of Appeals for the Second Circuit, confirming the withdrawal of their respective appeals.
Sec dismisses appeal against Ripple
According to court documents, the SEC dismissed the appeal (case number 24-2648) and Ripple dismissed its cross appeal (case number 24-2705).
The joint submission states that both parties “provision for dismissal” in the case, with each side paying its own legal fees and fees.
#xrpcommunity #secgov v. #ripple #xrp breaking: The parties filed joint dismissal of the appeal. The case is over. pic.twitter.com/qmatrlnxns
– James K. Philan
(@filanlaw) August 7, 2025
(@filanlaw) August 7, 2025This filing brings to one of the most famous enforcement measures in the history of code.
It also marks the final step in the aftermath of Judge Analisa Torres’ 2023 ruling. The ruling found that Ripple’s institutional XRP sales violated securities laws, but that the program’s sales and secondary market transactions were not violated.
Background of the appeal process
Both Ripple and the SEC had sued part of their ruling. The SEC tried to challenge some of the ruling that did not support it, but Ripple challenged the $125 million civil penalty imposed on injunctions and the sale of the facility.
Earlier this year, both sides sought to resolve the dispute through negotiated settlements that reduced Ripple’s penalties and eliminated injunctions.
Judge Torres rejected the request in June, forcing the parties into a formal appeal process.
Submission today ends its efforts and confirms that no changes have been made to the original remedies. The $125 million penalty currently being held at Escrow will now be handed over to the US Treasury Department.
XRP Market Reaction
After filing, XRP has skyrocketed by 5% within the past hour. Traders responded to the official end of a multi-year legal battle. Altcoin hit an all-time high in late July, but has since faced a major revision.
So, what does this mean for Ripple and XRP in the future? Ripple remains prohibited from conducting unregistered institutional sales of XRP.
Meanwhile, the SEC will not pursue any further action in this case. The precedent set by Judge Torres’ rule stands as a partial victory for both sides.
With the appeal being dismissed and the lawsuit closed, Ripple can move forward under a more clear regulatory framework, but is subject to court-imposed restrictions.
The Postripple and the SEC formally dismissed the appeal in the XRP lawsuit.
