After a long and closely watched legal battle that began in December 2020, the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has effectively come to an end. This week, the SEC filed a status report confirming that both parties had jointly agreed to dismiss their pending appeals, signaling the final chapter in a case that has captivated the entire cryptocurrency industry.
A ‘Purely Administrative’ End
While the joint dismissal was announced, some in the XRP community were left wondering if a final judge’s approval was still needed. However, legal experts have moved quickly to clarify that the case is, for all practical purposes, finished.
Marc Fagel, a former SEC lawyer, provided crucial insight into the final procedural step. “For the sake of clarity, the only thing remaining is administrative closing of the case by the clerk,” Fagel explained. “No judge approval is required. It’s essentially over already.”
This confirmation means the legal proceedings are concluded, with only a routine administrative action left to formally close the court file.
Ripple Celebrates, XRP Price Surges
The news was met with immediate and widespread celebration. Ripple’s Chief Legal Officer and other key figures confirmed the development on official channels, with one post declaring the lawsuit “officially over.” The announcement quickly went viral on social media platforms like X (formerly Twitter), accumulating millions of views within hours.
The market’s reaction was just as swift. The positive sentiment triggered a significant jump in the price of XRP, as investors reacted to the removal of long-standing legal uncertainty. The optimism also appeared to spill over into the broader market, with other major cryptocurrencies like Ethereum seeing price increases. Analysts suggest that if this buying pressure continues, XRP could be positioned for a push toward new highs.
What This Means for Ripple and the Future of XRP
The conclusion of the SEC case is a monumental victory for Ripple. For years, the lawsuit cast a dark cloud over the company and its digital token, XRP. The central question of whether XRP constituted an unregistered security hampered partnerships and stifled adoption, particularly in the United States.
With this legal ambiguity now lifted, Ripple is expected to move forward aggressively with its business strategy. The company is now free to pursue new partnerships and product announcements without the threat of legal action looming. Ripple has already hinted that major developments are in the pipeline and could be revealed in the coming months, marking the beginning of a new chapter of growth and innovation.
Conclusion
The Ripple vs. SEC lawsuit is over. The joint agreement to dismiss all appeals has effectively ended the multi-year legal conflict, leaving only a minor administrative step to be completed. For Ripple, its executives, and the global XRP community, this moment marks the end of a prolonged period of uncertainty and the start of a promising new era for the cryptocurrency.
