Big News for XRP: SEC and Ripple Jointly Dismiss Appeals. The Case Is Over

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.