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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
