On August 7, 2025, defense lawyer James K. Filan announced that the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. had jointly filed a dismissal of their respective appeals, bringing an end to one of the most closely followed cases in the digital asset industry. Filan shared the update on X, stating, “The parties have filed a Joint Dismissal of the Appeals. The case is over.” The Joint Stipulation of Dismissal, filed with the U.S. Court of Appeals for the Second Circuit, formally concludes both the SEC’s appeal and Ripple’s cross-appeal. The document, dated August 7 and signed by the legal representatives of both parties, confirms that each party will bear its costs and fees. This effectively terminates the litigation stemming from the original lawsuit filed by the SEC in December 2020 against Ripple Labs, Bradley Garlinghouse, and Christian A. Larsen. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The parties have filed a Joint Dismissal of the Appeals. The case is over. pic.twitter.com/QMATRLnxnS — James K. Filan (@FilanLaw) August 7, 2025 Legal Framework and Signatories The legal notice specifically cites Federal Rule of Appellate Procedure 42(b)(1) as the basis for the dismissal. According to the filing, the Commission, Ripple, Garlinghouse, and Larsen have all agreed to the terms. Attorneys from Kellogg, Hansen, Todd, Figel & Frederick, as well as Cleary Gottlieb Steen & Hamilton LLP and Debevoise & Plimpton LLP, acted on behalf of Ripple and its executives. On the SEC’s side, the document is signed by Acting General Counsel Jeffrey B. Finnell, Solicitor Tracey A. Hardin, and Appellate Counsel David D. Lisitza and Ezekiel L. Hill. The Certificate of Service, signed by Ezekiel L. Hill, certifies that all relevant parties were electronically served through the Court’s ACMS system on August 7, 2025. Impact on Ripple and XRP This joint dismissal brings closure to the long-standing legal battle, which has significantly impacted XRP’s market position and the broader regulatory outlook for digital assets in the United States. The litigation originally revolved around whether XRP constituted a security under U.S. law, with the SEC alleging that Ripple conducted unregistered securities offerings. Ripple disputed the claims, leading to years of litigation, several partial rulings, and a great deal of public interest. With the appeals now officially withdrawn, there will be no further judicial review of prior rulings from the U.S. District Court for the Southern District of New York, presided over by Judge Analisa Torres. That decision had partially favored Ripple, ruling that XRP sales on public exchanges did not constitute securities transactions, though it held Ripple accountable for certain institutional sales. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP Community’s Reaction and Industry Implications The formal end of the case marks a milestone moment not just for Ripple but also for XRP holders and the broader digital asset industry. Market participants had long awaited a resolution, as the case’s outcome had implications for token classification and enforcement actions across the sector. Responding to the announcement, the XRP community expressed a range of reactions online. One X user, Tailan, commented humorously, “I was used to this case now is going to be a bit boring who should we fight now? Bank cartels?” As the legal uncertainty lifts, Ripple can now focus on business expansion, including its global payments network and potential U.S. regulatory advancements. The SEC, for its part, appears to be shifting its focus to other digital asset enforcement cases still ongoing in various jurisdictions. The conclusion of this case clears a major legal cloud hanging over XRP and removes a critical overhang from Ripple’s operations. The digital asset community will now closely watch how this final development influences regulatory frameworks, industry innovation, and the positioning of XRP in the evolving financial landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Big News for XRP: SEC and Ripple Jointly Dismiss Appeals. The Case Is Over appeared first on Times Tabloid .
