On August 7, 2025, the SEC and Ripple Labs jointly filed documents in court to initiate the dismissal of appeals, marking the conclusion of one of the most noted legal battles in the crypto industry.
Dismissal of Appeals
In a joint stipulation filed with the United States Court of Appeals for the Second Circuit, the SEC and Ripple Labs announced their intent to discontinue legal proceedings. This move officially wraps up a lengthy case that lasted over five years and garnered public attention.
Five-Year Battle Ends
The SEC filed a lawsuit against Ripple Labs and its top two executives in 2020, claiming that the company conducted an unregistered securities offering by selling XRP. The legal proceedings became a battleground, leading to significant financial costs and highlighting the classification of crypto assets.
XRP Price Surge
Following the announcement of the end of the lawsuit, the price of XRP surged by 13%, reaching $3.36, recovering from a drop to $2.77 on August 3. Currently, the XRP token is at its highest level since July 23.
The closure of the case between the SEC and Ripple Labs is a landmark event for the crypto industry, underscoring the importance of legal standards and definitions in the realm of digital assets.
