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- Case closed on Ripple vs. SEC? 👀
Case closed on Ripple vs. SEC? 👀
Ripple CEO Brad Garlinghouse said the firm will drop its cross-appeal in the SEC's lawsuit over XRP sales, following another court setback.
Andrew Hayward
June 28, 2025
📝 What you need to know
Is the Ripple-SEC case over XRP sales finally—finally—coming to a close?
After U.S. District Judge Analisa Torres again denied a joint proposal from the SEC and Ripple Labs on Thursday to cut the crypto firm’s penalty from $125 million to $50 million, Ripple Labs CEO Brad Garlinghouse said late Friday that the company will drop its cross-appeal, likely putting an end to the yearslong legal battle.
"Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they've previously said," Garlinghouse wrote. "We're closing this chapter once and for all, and focusing on what’s most important—building the internet of value. Lock in."
XRP is up nearly 5% over the last day, rising following the news.
📊 Myriad Market of the Day
💬 Quote of the Day
"Will some of these other assets—Solana, XRP, Litecoin—get to millions and millions of assets and some decent trading volume and flows? Yes, I really do think that will happen.”
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