On August 7, 2025, the SEC and Ripple Labs jointly concluded their legal battle, ending the lawsuit over XRP sales.
End of SEC and Ripple Dispute
The SEC and Ripple Labs have officially ended their legal battle by jointly dismissing legal appeals. The closure of the case serves as a significant precedent for future token classifications. Key figures involved in this process included Brad Garlinghouse, Chris Larsen, and Gary Gensler.
Market Impact and Regulation
Following the case's closure, XRP surged by 5-9%, indicating a restoration of market confidence. This also pertained to the classification of institutional sales, which remain securities violations. The $125 million fine was significantly reduced from the initial amount.
Future Actions of SEC
The closure of the case may signal a shift in SEC's enforcement strategy regarding crypto assets, though no significant changes in institutional activity have been reported. Future regulatory actions might follow the newly set legal precedent, potentially affecting the financial and technological industries.
The outcome of Ripple's case highlights both challenges and opportunities in the cryptocurrency sector. The SEC's next steps could reshape the regulatory landscape for cryptocurrency tokens.
