Ripple and SEC received court approval: 2024 decision in effect - Bitcoin news - Uzmancoin - Crypto and Blockchain

The petition submitted by Ripple to pull back the appeal applications of the Securities and Exchange Commission (SEC) in recent weeks was accepted by the court. Thus, the court officially documented the conclusion of the litigation process due to the parties' decision to withdraw their appeal applications.

#XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit has approved the Joint Stipulation of Dismissal. pic.twitter.com/v796dAtfiZ

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 22, 2025

While confirming the decision, Ripple's defense attorney James Filan stated that the appeal process, which was suspended earlier this year, has officially come to an end. As previously indicated by the SEC, the decision made by Judge Analisa Torres in August 2024 regarding the 5-year case will remain valid following the withdrawal of the appeal. Torres ruled that the sales of Ripple's cryptocurrency XRP through exchanges did not violate securities laws, but that institutional sales fell under this violation. As part of the agreement reached, Ripple will now pay a fine of 125 million dollars to resolve the allegations regarding XRP's institutional sales.

The SEC, under the leadership of then-chairman Gary Gensler, appealed the decision that the sales of XRP through exchanges did not qualify as securities. In response, Ripple had filed a counter-appeal.

XRP gained 5% in value due to the overall increase in the markets following Fed Chairman Jerome Powell's signal of an interest rate cut. The cryptocurrency is trading at $3.06 as of 21:30.

Published: August 22, 2025 21:28