SAwoniyi 28/06/2025 SAwoniyi 28/06/2025

Ripple and SEC Drop Appeals, Marking End of Legal Saga

On June 26, 2025, the prolonged legal clash between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) took a decisive turn.

Judge Analisa Torres denied both parties’ Motion for an Indicative Ruling, prompting Ripple’s Chief Legal Officer Stuart Alderoty to reaffirm that XRP's legal status as not a security remains unchanged. “It’s business as usual,” Alderoty posted, assuring the community.

Ripple CEO Brad Garlinghouse followed up with a statement confirming that Ripple is dropping its cross appeal, while the SEC is expected to do the same.

“We’re closing this chapter once and for all,” he wrote on X.com, signaling the company's renewed focus on building the Internet of Value.

This decision brings long-awaited clarity to the XRP community and the broader crypto industry, allowing Ripple to shift fully from courtroom battles to technological innovation and global adoption.

SAwoniyi 07/08/2024 SAwoniyi 07/08/2024

Ripple’s Legal Victory: A Boost for XRP and the Crypto Community

On August 7th, 2024, the XRP community erupted joyfully as Judge Analisa Torres delivered the final judgment in the longstanding legal battle between the SEC and Ripple. The ruling significantly favoured Ripple, requiring the company to pay only a $125,035.150 fine, a substantial reduction from the SEC's initial $2 billion demand. This decision prompted celebrations among Ripple supporters and the wider cryptocurrency industry.

Brad Garlinghouse, CEO of Ripple, expressed his satisfaction with the outcome, stating that the court's decision provides clarity for the company to continue its growth. He emphasized that the ruling signifies a victory for Ripple, the entire crypto industry, and the rule of law. The favourable judgment is expected to instill confidence in the regulatory landscape for digital assets, potentially paving the way for further industry development and growth.

The XRP community and the cryptocurrency industry at large are celebrating this significant legal win for Ripple, marking a turning point in the ongoing battle with the SEC.