Ripple Withdraws Cross-Appeal Against SEC, Accepts Fine

Ripple Labs has withdrawn its cross-appeal against the U.S. SEC, culminating a multi-year legal dispute dating back to 2019. This decision confirms Ripple’s acceptance of the initial court ruling and the accompanying $125 million civil penalty.

The resolution of Ripple’s case with the SEC marks an essential milestone for the cryptocurrency industry, particularly for XRP investors. The judgment maintains XRP’s non-security status in retail exchange contexts while acknowledging violations in institutional sales scenarios.

Ripple Accepts $125 Million Fine, Concludes SEC Dispute

Ripple’s decision to withdraw its cross-appeal against the SEC highlights its willingness to conclude the legal saga dating to 2019. CEO Brad Garlinghouse emphasized that this step allows Ripple to “close this chapter.” The firm will settle for a $125 million fine per earlier court rulings, while respecting terms surrounding institutional sales. CEO Garlinghouse commented on X (formerly Twitter) that this marks “closure,” with the absence of major statements from other executives or SEC insiders thus far.

The withdrawal implies continued legal certainty for XRP in retail markets, confirmed by Ripple’s Chief Legal Officer Stuart Alderoty that “XRP remains not a security.” Following Judge Torres’s earlier decree, retail transactions remain unaffected while institutional protocols adjust post-permanent injunction. A final court order is required for wrapping up legal formalities, expected in subsequent sessions.

The case’s climax drew mixed reactions within the crypto sector. Ripple hailed it as a victory for retail clarity, yet cautious optimism prevails within XRP-focused forums and developer chains, wary until all dismissals receive formal judicial stamps.

Brad Garlinghouse, CEO, Ripple, – “We’re closing this chapter once and for all.”

XRP Maintains Non-Security Status Amid Market Shifts

Did you know? Ripple’s legal confrontation echoes the SEC’s case against Telegram’s TON, which did not result in a favorable outcome for Telegram. Unlike XRP, Telegram’s TON token faced permanent restrictions, while XRP successfully maintained its presence in U.S. markets.

According to CoinMarketCap, XRP currently trades at $2.20, commanding a market cap of formatNumber(129619795935, 2) and a fully diluted market cap of formatNumber(219673917372, 2). Its market share is 3.93%. Trading volumes dipped by 12.81%, with noteworthy price shifts of +4.42% over 24 hours, contrasting with a -3.52% fall in the past month.

[Coincu research suggests](https://www.sec.gov/newsroom/press-releases/2020-338) that as Ripple’s legal entanglements unwind, potential regulatory clarity could fortify XRP’s position in global digital marketplaces. This may prompt shifts in investment strategies around institutional crypto offerings aligned with emerging laws, benefiting industry stakeholders.