Ripple Labs has decided to dismiss its counter-appeal in the ongoing lawsuit initiated by the U.S. Securities and Exchange Commission (SEC). Reports of a proposed $125 million settlement remain unconfirmed.
Ripple Ceases Counter-Appeal
On June 27, 2025, Ripple CEO Brad Garlinghouse announced the company's decision not to pursue its counter-appeal against the SEC's lawsuit regarding XRP's status. This decision comes amid uncertainties regarding legal outcomes.
Court Decision and Expectations
Judge Analisa Torres rejected a proposed settlement, leaving the legal implications pending. Speculation regarding potential timelines for proceeding remains significant.
Market Impact and Investor Sentiment
The outcomes of the lawsuit are expected to have significant implications for the cryptocurrency market. Recent actions by Ripple, including the movement of $270 million in XRP, signal investor caution amid potential regulatory shifts.
The Ripple case continues to serve as an important reference point for assessing potential regulatory standards in the digital asset space. Investors and the market await how final legal decisions will shape XRP's strategic role.
