High-Profile XRP Lawsuit Reaches End After SEC And Ripple Drop Their Appeals In Second Circuit
Main Idea
The SEC and Ripple Labs have ended their nearly five-year legal battle, with the SEC withdrawing its appeal and Ripple dismissing its cross-appeal, finalizing a $125 million civil penalty for Ripple.
Key Points
1. The SEC and Ripple Labs jointly filed to end their legal dispute, with the SEC withdrawing its appeal and Ripple dismissing its cross-appeal.
2. The resolution finalizes Ripple's agreement to pay a $125 million civil penalty, significantly lower than the SEC's initial $2 billion request.
3. XRP's price surged over 11% following the news, continuing a recent upward trend from a 2025 low of $1.79 to an all-time high of $3.65.
4. The end of the lawsuit removes a major regulatory uncertainty for XRP, potentially boosting its future performance.
Description
The U.S. Securities and Exchange Commission and Ripple Labs have jointly agreed to drop their appeals in the Second Circuit court case.
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