Crypto

SEC and Ripple officially settle appeals, XRP case moves to final enforcement

August 22, 2025

Key Takeaways

The SEC and Ripple have officially resolved their legal dispute, ending all appeals and clearing the way for final enforcement actions.
The settlement confirms Ripple’s $125 million penalty and upholds the court’s clarification that XRP is not a security for secondary market trades.

The long-running legal battle between Ripple Labs and the US Securities and Exchange Commission has entered its final stage after the Court of Appeals approved a joint stipulation to dismiss the parties’ appeals.

Defense lawyer James Filan confirmed the court’s action, which enables enforcement of the $125 million penalty against Ripple.

#XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit has approved the Joint Stipulation of Dismissal. pic.twitter.com/v796dAtfiZ

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 22, 2025

The settlement requires Ripple to pay the penalty and comply with an injunction from the Southern District of New York. Judge Analisa Torres previously rejected a proposed reallocation that would have split the fine between $50 million to the SEC and $75 million returned to Ripple. The company must now adhere to the original enforcement terms.

Judge Torres’ July 2023 ruling remains in effect, which determined that XRP is not a security when traded on secondary markets, though institutional sales may still fall under securities regulations.

This is a developing story.