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Breaking: Ripple and SEC Agree to Drop Appeals in XRP Lawsuit, XRP Price Jumps 10%
August 8, 2025
In a sudden twist of events, Ripple and the Securities and Exchange Commission (SEC) have agreed to drop their appeals in the long-running XRP lawsuit. This unexpected turn of events has sent shockwaves through the cryptocurrency market, with the price of XRP skyrocketing by an astonishing 10% as investors react to the news.
The news comes after months of intense legal battles between Ripple and the SEC over the regulatory status of XRP. The case began in December 2021 when the SEC sued Ripple for allegedly issuing $1.3 billion worth of unregistered securities through its sales of XRP. In response, Ripple maintained that XRP is a digital asset and not a security.
The legal battle has taken a significant toll on both parties, with Ripple’s Chief Legal Officer Stuart Alderoty stating in an official statement that “the end of the case marks a new beginning for the company.”
In light of this development, the SEC has officially reconfirmed that the civil penalty against Ripple will remain in effect, with the company required to pay the stipulated $125 million fine. This decision brings an end to the lawsuit and allows Ripple to refocus its efforts on its core operations.
As a result of the settlement, the price of XRP has surged by 10%, reaching a new high of around $3.31 at the time of writing, according to CoinMarketCap data. The sudden spike in value is likely due to investors’ relief and optimism about Ripple’s future prospects without the looming legal uncertainty.
The abrupt conclusion of the case marks a significant milestone for both parties involved, as well as the broader cryptocurrency market. The move is expected to bring much-needed clarity to the regulatory environment surrounding cryptocurrencies, paving the way for further innovation and growth within the industry.
For Ripple, the outcome represents a chance to reboot its operations and refocus on developing its decentralized ledger technology, On-Demand Liquidity (ODL), as well as its cross-border payment system.
Source: www.tronweekly.com
