The high-profile Ripple vs. SEC is nearing the finish line with a happy ending, based on the NYC court documents that surfaced last night. Indeed, the United States Securities and Exchange Commission (SEC) has positively responded to Ripple’s formal request to withdraw their original appeal.
$150M XRP Unlocked Amid Ripple’s Legal Victories
This brings the 6-year long Ripple vs. SEC case to a mutual solution, as both parties have just filed a Joint Dismissal of both appeals. Just as intended, the $125 million in Ripple coins (XRP) will be released from escrow, and the $50 civil penalty fines will be covered. Then, the rest of $75 million in XRP tokens should be returned to the treasury of Ripple Labs.
“Following the Commission’s vote today, the SEC & Ripple formally filed directly with the Second Circuit to dismiss their appeals”, – read the latest legal update. Surely, this showcases a different approach from the SEC under Chair Paul Atkins, as the case was started under Gary Gensler’s administration with no signs of settlement.
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Now, the SEC’s freshly-established Crypto Task Force is working alongside big American crypto companies, so it only makes sense that Ripple Labs have submitted an application for a regular banking license in the United States (USA), preparing the playing field for Ripple’s own RLUSD stablecoin.
Amid these positive legal headwinds, Ripple’s (XRP) price spearheaded to $3.37, jumping 39.3% in 30 days. With a high yearly return of 442.9%, XRP’s crypto price massively towered once the SEC’s willingness to settle for a $50 million XRP fine was made known to the public.
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The SEC actively ends its appeal, shifting strategy under new leadership to resolve the five-year lawsuit and clarify XRP’s non-security status for programmatic sales.
XRP rocketed up to 13% across various platforms as investors cheer the SEC’s decision, pushing the price to $3.37 before it settles near $3.34, fueled by renewed confidence.
Judge Torres’ 2023 ruling stands: programmatic XRP sales dodge securities classification. Institutional sales face securities laws, but the case’s end clears major hurdles.
Optimism drives the surge, but prior market expectations may cap short-term gains. Analysts forecast XRP hitting $3.50-$5 with ETF approvals and institutional support.
The SEC’s retreat boosts XRP ETF prospects, with Polymarket betting an 85% chance of approval by December 2025, potentially lifting prices further.
