Ripple has dropped its appeal against the U.S. SEC after paying $50 million of a $125 million penalty, with the remaining $75 million returned from escrow. The SEC also withdrew its appeal, ending the four-year case accusing Ripple of unregistered XRP sales.
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SEC Drops Appeal as Ripple Pays $50M, XRP Spikes 11%
Ripple’s legal victory, including a 2023 ruling that XRP isn’t necessarily a security, undermined the SEC’s enforcement strategy. The case dismissal caused XRP to spike 11%. Ripple frames this as a turning point for crypto regulation.
Under President Trump’s administration, crypto has gained support, with regulatory shifts and repeals like SAB 121 encouraging industry growth.
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