Cryptocurrency industry's high profile lawsuit ends

The United States (U.S.) Securities and Exchange Commission (SEC) announced it is ending one of the high profile crypto market cases with Ripple after accusing Ripple Labs of selling non-complaint XRP tokens.

SEC and Ripple have decided to withdraw their legal petitions of financial sanction by the Judge of the United States District Court for the Southern District of New York, Analisa Torres, and cease and desist her order against the selling the XRP to institutional investors.

The 5 years long run case ended on August 08, 2025, leaving a $125 million fine intact to the crypto giant who is leading the decentralized coins world on No. 3 after Bitcoin and Ethereum.

Chief Legal Office of Ripple, Stuart Alderoty, turned to official X ( formerly Twitter) and revealed: “Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals."

Alderoty concluded with excitement and looked motivated for future: "This is the end of case and now back to the business."

XRP parent company was sued by the United States regulatory authority in December 2020 when the then President Donald Trump was close to saying bye to his first presidential term.

As of 2025 after Trump has taken over his second term Ripple is not the 1st one to get rid of such case, Karen, Binance and Coinbase crypto cases ended too.