Ripple CEO Confirms End of SEC Lawsuit, Says “We’re Closing This Chapter”

Ripple CEO Brad Garlinghouse has declared an end to one of crypto’s most high-profile legal battles. In a recent X post, Garlinghouse announced, “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.” His statement marks a decisive turning point in the nearly five-year legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), a case that has shaped the landscape of digital asset regulation in the United States. End of a Landmark Case The SEC first filed suit against Ripple in December 2020, alleging that its XRP token was sold as an unregistered security. The case saw multiple legal milestones, the most significant being Judge Analisa Torres’ ruling in July 2023. Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in. https://t.co/ZsRgDfcpLh — Brad Garlinghouse (@bgarlinghouse) June 27, 2025 She found that while Ripple’s institutional XRP sales violated securities laws, programmatic sales on public exchanges did not, providing a partial win for Ripple and a critical precedent for the crypto industry. Despite the ruling, both parties filed appeals: Ripple challenged the $125 million civil penalty and permanent injunction against institutional sales, while the SEC initially sought to revisit the programmatic sales ruling. That changed earlier this year. In March 2025, the SEC informed the court that it would not pursue its appeal. Meanwhile, Ripple continued to push back on the fine and injunction, eventually proposing a $50 million settlement and asking the court to lift the restrictions. But on June 26, 2025, Judge Torres denied the motion, asserting that final judgments could not be vacated without compelling justification. Just one day later, Garlinghouse publicly confirmed Ripple would drop its cross appeal. The SEC is expected to follow through by withdrawing its appeal, bringing an end to the lengthy litigation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What the Outcome Means By stepping away from further appeals, both sides are accepting the original judgment. Ripple will pay the full $125 million fine and remain subject to the injunction restricting institutional XRP sales within the U.S. However, the 2023 ruling that XRP is not a security when traded on public platforms stands unchallenged , solidifying XRP’s legal clarity for retail markets. This outcome is not only a legal resolution but also a strategic one. It removes the cloud of uncertainty that has hovered over Ripple and XRP for years, allowing the company to focus on growth, product expansion, and market adoption without the distraction of courtroom battles. Ripple’s Next Chapter Garlinghouse made it clear that Ripple’s attention is now turning to its core mission: building the Internet of Value. This vision revolves around creating a blockchain-based payment infrastructure that enables real-time, low-cost, cross-border money transfers, particularly using XRP as a liquidity bridge asset. With regulatory clarity on XRP’s retail status and the legal battle behind it, Ripple is better positioned to attract partners, scale its enterprise services, and drive innovation in the global payments ecosystem. The Ripple vs. SEC saga may finally be coming to a close, but its impact will continue to ripple across the crypto industry for years to come. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CEO Confirms End of SEC Lawsuit, Says “We’re Closing This Chapter” appeared first on Times Tabloid .

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