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Ripple Drops Cross Appeal in SEC Case, SEC Expected to Follow

28 Jun, 2025

Ripple-Drops-Cross-Appeal-in-SEC-Case-SE-Expected-to-Follow.png

Tags: Ripple vs SEC, XRP lawsuit, crypto regulation, Ripple legal update, XRP news

⚖️ Ripple CEO Confirms End to Cross Appeal

In a major legal update, Ripple CEO Brad Garlinghouse announced that Ripple is formally dropping its cross appeal in the lawsuit against the U.S. Securities and Exchange Commission (SEC).

The SEC is also reportedly expected to drop its own appeal, signaling a likely end to the multi-year legal saga that has deeply impacted the crypto industry.

“It’s time to move forward,” said Garlinghouse during a press briefing.

📜 Case Background

SEC sued Ripple Labs in December 2020, alleging XRP was sold as an unregistered security.
In 2023, a judge ruled that programmatic sales of XRP were not securities.
Ripple filed a cross appeal but has now chosen to dismiss it.

✅ What It Means for the Market

The move could bring:

Legal clarity for XRP and Ripple’s operations
More confidence from institutions and partners
A stronger case for regulatory reform in the U.S.

📊 Market Reaction

XRP’s price saw a slight increase after the announcement, reflecting a renewed optimism among investors and traders.

📌 SEO Keyword Summary

Ripple SEC case ends
XRP lawsuit update
Ripple cross appeal dropped
SEC crypto enforcement
XRP regulation clarity

Stay updated with the latest crypto news and blockchain developments at Coinday.
📩 Contact: coindayteam@gmail.com

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