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.
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The long-running legal battle between Ripple Labs and the Securities and Exchange Commission has entered its final stage after the US Court of Appeals for the Second Circuit approved a joint stipulation dismissing the parties’ appeals, as confirmed by defense lawyer James Filan on Friday.
#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.
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