SEC Case Against Ripple and XRP Officially Concluded In a Recent Litigation Release

The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has officially concluded, according to a new SEC document.

According to the SEC’s statement, the stipulation covers both the Commission’s appeal and Ripple’s cross-appeal in the United States Court of Appeals for the Second Circuit.

These appeals stemmed from the final judgment issued by the U.S. District Court in the Southern District of New York, which had imposed a $125,035,150 civil penalty on Ripple. The judgment also included an injunction prohibiting the company from violating the registration provisions of the Securities Act of 1933.

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With the dismissal of the appeals, the district court’s final judgment remains in place. This means Ripple will be required to comply with the civil penalty and the injunction as previously determined. The SEC described this step as the conclusion of its civil enforcement action against Ripple Labs and its two executives, marking the end of nearly five years of litigation that began in December 2020.

Market Response

The conclusion of the case brings closure to one of the most closely watched legal disputes in the cryptocurrency sector. While the final judgment leaves Ripple with significant financial and compliance obligations, it also removes the uncertainty of ongoing litigation, potentially allowing the company to move forward with its operations without the cloud of pending appeals.

In light of the SEC not indicating any further legal actions related to the case, this development marks the official end of a case that has influenced both regulatory discourse and investor sentiment in the digital asset market since 2020.

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