In June 2025, Ripple Labs, led by CEO Brad Garlinghouse, announced the conclusion of its legal dispute with the SEC, resulting in significant changes in the cryptocurrency market.
Conclusion of the Legal Dispute
Ripple Labs has decided to withdraw its counter-appeal in the lawsuit against the SEC in New York, concluding a legal battle that began in December 2020. As part of the settlement, Ripple agreed to pay a civil penalty of $125 million, significantly lower than the $2 billion initially sought by the SEC.
Market Response to the Settlement
Following the announcement of the settlement, XRP's price increased by 4.02%, indicating the market's positive reaction to the resolution of long-standing regulatory uncertainties. 'This removes a large cloud of regulatory uncertainty around XRP, resulting in a positive market response and potentially easing regulatory concerns across the entire cryptocurrency sector,' stated Brad Garlinghouse.
Outlook for Ripple and the Crypto Market
The conclusion of this case marks a turning point for Ripple, ending nearly five years of litigation. Both parties have chosen not to pursue further appeals, focusing on the development of the 'Internet of Value.' This lays the groundwork for increased investor confidence and possible legislative adjustments affecting future crypto regulations.
Ripple's settlement with the SEC signifies a step toward stability in the regulatory landscape of cryptocurrency. It could lead to new investment opportunities and advancements in technology without significant regulatory hurdles.
