Ripple Ends Legal Battle, Withdraws Cross-Appeal Against SEC

After years of litigation, Ripple Labs ends their dispute with SEC by dropping their cross-appeal. Judge Analisa Torres oversaw this case, with penalties and injunctions remaining from previous settlements.

Brad Garlinghouse, Ripple’s CEO, announced the end of the appeal on Twitter, indicating a focus on building the Internet of Value. The original $125 million penalty remains enforced, setting a critical regulatory precedent.

XRP prices rose by up to 3% following the settlement’s announcement, reflecting market relief over resolved regulatory uncertainties. Ripple’s decision to end litigation positively influenced investor confidence in the company’s future growth.

The end of the Ripple-SEC legal battle may result in broader regulatory clarity for the crypto market, influencing future SEC actions. XRP’s performance might also impact investor sentiment across other cryptocurrency assets.

Compared to similar SEC cases, like those involving Kik and Telegram, Ripple’s settlement reinforces asset-specific penalties with limited market spillover effects. The case could influence future regulatory frameworks for token-based offerings.

Kanalcoin experts speculate that Ripple’s actions might lead to more definitive crypto regulations. Historical trends show, such settlements create regulatory clarity, setting benchmarks for crypto firms navigating compliance landscapes.