Overview

• On August 7, both parties filed a joint stipulation with the U.S. Court of Appeals for the Second Circuit to dismiss their appeals, formally ending their nearly five-year dispute over XRP’s regulatory status.
• Under a June settlement, Ripple agreed to pay a $125 million civil penalty with funds now cleared from escrow for transfer to the U.S. Treasury.
• District Judge Analisa Torres’s 2023 split ruling remains in effect, excluding public exchange sales of XRP from securities classification and permanently enjoining institutional sales.
• XRP’s price climbed about 4 percent in the 24 hours following the filings as investors welcomed the reduced legal overhang and prospects for wider adoption.
• By foregoing a final appellate decision, the SEC and Ripple leave certain questions about XRP’s classification under U.S. securities law unresolved, shaping future crypto enforcement strategy.