{"id":57334,"date":"2025-08-08T04:39:48","date_gmt":"2025-08-08T04:39:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-and-ripple-voluntarily-dismiss-appeals-ending-2020-lawsuit-over-xrp-sales\/"},"modified":"2025-08-08T04:39:48","modified_gmt":"2025-08-08T04:39:48","slug":"sec-and-ripple-voluntarily-dismiss-appeals-ending-2020-lawsuit-over-xrp-sales","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-and-ripple-voluntarily-dismiss-appeals-ending-2020-lawsuit-over-xrp-sales\/","title":{"rendered":"SEC and Ripple voluntarily dismiss appeals, ending 2020 lawsuit over XRP sales"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/xrp-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/xrp-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/xrp-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/xrp-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The SEC and Ripple have officially ended their long-running 2020 lawsuit by voluntarily dismissing their appeals.<\/li>\n<li>The dismissal leaves in place a 2023 ruling that included $125 million in fines for Ripple\u2019s institutional XRP sales.<\/li>\n<li>XRP\u2019s price jumped 5% to around $3.27 following the news of the case\u2019s conclusion.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The protracted and closely watched legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs has officially come to a close. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">In a joint filing on Thursday, the two parties informed the Second Circuit Court of Appeals that they were voluntarily dismissing their respective appeals, bringing an end to a landmark case that has captivated the cryptocurrency industry since it was first filed in 2<\/span><span class=\"ng-star-inserted\">020.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The joint stipulation, a formal agreement between the two parties, specifies that both the SEC and Ripple will each bear their own legal costs, effectively ending the years-long legal saga. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The lawsuit was originally initiated in 2020 by the SEC under its former Chair, Jay Clayton, who now runs the US Attorney\u2019s Office for the Southern District of New York. The core of the SEC\u2019s case was the allegation that Ripple had violated securities laws through its sale of XRP, the digital token closely associated with the company.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The market\u2019s reaction to the news of the dismissal was swift and positive. The price of XRP jumped 5% following Thursday\u2019s filing, trading at around $3.27 as of press time.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A look back at a contentious and consequential case<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The path to this final dismissal has been a winding one. The legal battle had seen both sides claim partial victories. In a pivotal 2023 ruling, a district judge found that Ripple had indeed violated securities laws in its direct sales of XRP to institutional traders. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, in a major win for Ripple and the broader crypto industry, the judge also ruled that Ripple\u2019s programmatic sales of XRP to retail traders through exchanges did not constitute the sale of securities.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Following this split decision, the SEC filed an appeal in 2024, challenging the part of the ruling that favored Ripple. Ripple, in turn, cross-appealed to maintain its legal arguments in the case.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, the tide began to turn earlier this year. Ripple CEO Brad Garlinghouse announced in June that both parties had agreed to drop their respective appeals. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This decision effectively leaves District Judge Analisa Torres\u2019s original penalties in place. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">These penalties, which were tied to her finding that Ripple had violated securities laws in its sales to institutional investors, included $125 million in fines and a permanent injunction against any further violations of the law by the company. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The parties had previously attempted to negotiate these penalties down, but multiple attempts were reportedly rejected by Judge Torres due to procedural and other concerns.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A shifting regulatory landscape under new leadership<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The move to pause and ultimately dismiss the appeals also comes amidst a broader shift in the US regulatory landscape for cryptocurrencies. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This shift has occurred since President Donald Trump retook office and installed new leadership at the SEC. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Under this new leadership, the agency has reportedly dropped over a dozen cases and investigations into various crypto companies in the last few months, signaling a potentially more industry-friendly approach. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The formal conclusion of the long-running Ripple case is now being seen by many as another clear sign of this new regulatory chapter.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sec-and-ripple-voluntarily-dismiss-appeals-ending-2020-lawsuit-over-xrp-sales\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The SEC and Ripple have officially ended their long-running 2020 lawsuit by voluntarily dismissing their appeals. The dismissal leaves in place a 2023 ruling that included $125 million in fines for Ripple\u2019s institutional XRP sales. XRP\u2019s price jumped 5% to around [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":57335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57334"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=57334"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/57335"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=57334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=57334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=57334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}