Ripple Ends Legal War with SEC to ‘Build the Internet of Value’
Ripple Labs has officially stepped away from its legal standoff with the U.S. Securities and Exchange Commission, marking a turning point in a case that has shadowed the crypto firm since 2020.
CEO Brad Garlinghouse announced Friday that Ripple is dropping its cross-appeal, signaling a decisive end to its fight over XRP’s regulatory status. “We’re closing this chapter once and for all,” he wrote on X, emphasizing the company’s renewed focus on building the so-called Internet of Value.
The case began when the SEC accused Ripple of raising $1.3 billion through unregistered securities—namely, XRP sales. In a partial victory last year, Judge Analisa Torres ruled that Ripple’s programmatic sales did not violate securities laws due to their blind bid nature.
However, she found that direct XRP sales to institutional buyers did qualify as securities, resulting in a $125 million penalty.
Ripple had previously indicated in March that it would not pursue further legal challenges. The recent post follows a decision by Judge Torres rejecting a joint request by both parties to dissolve an injunction and reallocate fines—$50 million to the SEC, and $25 million to Ripple.
Though the company has not issued additional comments, the message is clear: Ripple is done with the courtroom and ready to move on.
Alexander Stefanov
Reporter at Coindoo
Alex ist ein erfahrener Finanzjournalist und Krypto-Enthusiast. Mit mehr als 8 Jahren Erfahrung in der Berichterstattung über die Krypto-, Blockchain- und Fintech-Branchen ist er mit der komplexen und sich ständig weiterentwickelnden Welt der digitalen Vermögenswerte bestens vertraut. Seine aufschlussreichen und zum Nachdenken anregenden Artikel vermitteln den Lesern ein klares Bild von den neuesten Entwicklungen und Trends auf dem Markt. Sein Ansatz ermöglicht es ihm, komplexe Ideen in leicht verständliche und aufschlussreiche Inhalte zu zerlegen. Verfolgen Sie seine Veröffentlichungen, um über die wichtigsten Trends und Themen auf dem Laufenden zu bleiben.
