Ripple Ends Legal Battle With SEC To 'Build Value Internet'

CEO Brad Garlinghouse announced on Friday that Ripple will withdraw its cross-appeal, signaling a decisive end to the battle over the regulatory status of XRP. “We will close this chapter once and for all,” he wrote on X, emphasizing the company’s renewed focus on building what is called the Internet of Value. The case began when the SEC accused Ripple of raising $1.3 billion through unregistered securities, specifically the sale of XRP. In a partial victory last year, Judge Analisa Torres ruled that Ripple’s programmatic sales did not violate securities laws due to their blind bid nature. However, she discovered that selling XRP directly to qualified institutional buyers is considered a security, resulting in a $125 million fine. Ripple had previously indicated in March that they would not pursue further legal challenges. The recent post follows Judge Torres’ decision to deny both parties’ joint request to lift the injunction and redistribute the fines—$50 million to the SEC and $25 million to Ripple. Although the company did not provide any further comments, the message is very clear: Ripple has finished with the court and is ready to move on.