In a turn of events that could make even the most stoic of judges crack a smile, XRP has finally managed to shake off the legal shackles that have bound it tighter than a pair of ill-fitting trousers. The SEC case has drawn its final curtain, allowing Ripple to embark on a full-scale expansion, bask in the glow of regulatory clarity, and ride the wave of market momentum like a seasoned surfer on a sunny day. 🌊
Ripple v SEC Case Has Ended, XRP Leaves Behind 5 Years of Uncertainty
After what felt like a legal marathon that would make even the most dedicated of runners reconsider their life choices, the protracted standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has finally reached its conclusion. Both parties, perhaps tired of the courtroom coffee and the endless legalese, have filed a joint stipulation to dismiss their appeals in the long-running XRP case. On the fateful day of August 7, 2025, the U.S. Court of Appeals for the Second Circuit received this joint filing, effectively putting an end to the SEC’s appeal (No. 24-2648) and Ripple’s cross-appeal (No. 24-2705). The legal tussle, which began in 2020, has been a defining case in the grand circus of how digital assets are treated under U.S. securities law. 🎪
Reactions from the legal eagles were as swift as a butler delivering a cup of tea. Attorney James K. Filan posted on the social media platform X:
The parties have filed a Joint Dismissal of the Appeals. The case is over.
Meanwhile, lawyer Bill Morgan was practically doing cartwheels, declaring it the “best news” in five years. “The SEC v Ripple case is finally OVER. Booooom. Appeals dismissed,” he exclaimed, likely startling a few pigeons in the process.
The filing, submitted under the rather dry-sounding Federal Rule of Appellate Procedure 42(b)(1), explicitly stated that “each party will bear its own costs on appeal.” It noted that the dismissal applies to “the above-captioned appeals,” which is legal jargon for “let’s not drag this out any longer.”
In a delightful twist, the submission confirmed that the parties “have agreed to the dismissal and have signed this stipulation,” signaling a mutual decision to avoid further court action. This move effectively ends the prospect of any appellate review, leaving the lower court rulings intact but without a binding precedent from the Second Circuit. It’s like a game of chess where both players suddenly decide to go for tea instead of checkmate.
Ripple’s Chief Legal Officer, Stuart Alderoty, shared his thoughts with the enthusiasm of a child on Christmas morning:
Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals. The end… and now back to business.
And what a business it is! The price of XRP immediately soared following the news, as if it had just discovered a hidden stash of chocolate. As of this very moment, XRP is trading at a delightful $3.29. Cheers to that! 🥂
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2025-08-08 01:58