SEC and Ripple end appeal process, XRP non-securities ruling takes effect
2025-08-07 22:04:36
The Securities Exchange Commission (SEC) and Ripple have reached an agreement to withdraw their appeal in the Second Circuit Court, marking the official end of one of the most high-profile legal disputes in the crypto industry. According to the dismissal document, the parties will each bear the litigation costs. The 2023 ruling by Judge Analisa Torres will be final: XRP transactions in the secondary market do not constitute securities acts, but large sales to institutional investors are illegal securities offerings. After the news was announced, the price of XRP rose by more than 7%, from $3.04 to $3.27. Ripple CEO Brad Garlinghouse said the company will focus on building the "Internet of Value" and turn the page completely.
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