Ripple vs. SEC: Why the Court’s Latest Move Could Flip the Entire Crypto Industry on Its Head

Ripple vs. SEC: Why the Court’s Latest Move Could Flip the Entire Crypto Industry on Its Head

Who said legal battles can’t have an end in sight? After years of sparring, the courtroom saga between Ripple Labs and the SEC is finally wrapping up. But here’s the kicker—what does it mean for XRP and the crypto world when the appeals are tossed out and a $125 million penalty is set in stone? As we watch this drama reach its crescendo, the ruling that XRP isn’t a security in secondary market trades throws a curveball that could reshape regulatory landscapes. Buckle up, because this isn’t just another lawsuit closure—it’s a landmark moment in the cryptocurrency saga that might just redefine how markets and regulators dance together. Curious to dive deeper? LEARN MORE.


Court approves Ripple, SEC’s stipulation to dismiss appeal in XRP case

The SEC initiated a lawsuit against Ripple Labs and its executives in December 2020 when Trump was still in office.

SEC and Ripple officially settle appeals, XRP case moves to final enforcement

Key Takeaways

  • The SEC and Ripple have officially resolved their legal dispute, ending all appeals and clearing the way for final enforcement actions.
  • The settlement confirms Ripple’s $125 million penalty and upholds the court’s clarification that XRP is not a security for secondary market trades.

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The long-running legal battle between Ripple Labs and the US Securities and Exchange Commission has entered its final stage after the Court of Appeals approved a joint stipulation to dismiss the parties’ appeals.

Defense lawyer James Filan confirmed the court’s action, which enables enforcement of the $125 million penalty against Ripple.

The settlement requires Ripple to pay the penalty and comply with an injunction from the Southern District of New York. Judge Analisa Torres previously rejected a proposed reallocation that would have split the fine between $50 million to the SEC and $75 million returned to Ripple. The company must now adhere to the original enforcement terms.

Judge Torres’ July 2023 ruling remains in effect, which determined that XRP is not a security when traded on secondary markets, though institutional sales may still fall under securities regulations.

This is a developing story.

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