Big News for XRP: SEC and Ripple Jointly Dismiss Appeals. The Case Is Over
Main Idea
The SEC and Ripple Labs have jointly dismissed all appeals, formally ending the legal case between them, which has significant implications for Ripple and the XRP market.
Key Points
1. The SEC and Ripple Labs filed a Joint Stipulation of Dismissal with the U.S. Court of Appeals for the Second Circuit, concluding all appeals in the case.
2. The dismissal is based on Federal Rule of Appellate Procedure 42(b)(1), with both parties agreeing to the terms.
3. The legal teams from Kellogg, Hansen, Todd, Figel & Frederick, Cleary Gottlieb Steen & Hamilton LLP, and Debevoise & Plimpton LLP represented Ripple and its executives.
4. The SEC's side was represented by Acting General Counsel Jeffrey B. Finnell, Solicitor Tracey A. Hardin, and Appellate Counsel David D. Lisitza and Ezekiel L. Hill.
5. The dismissal removes legal uncertainty for Ripple, allowing it to focus on business expansion and regulatory advancements, while the SEC shifts its focus to other cases.
Description
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, form...
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