Ripple Abandons Cross Appeal Against US SEC

Highlights:

• Ripple has dropped its cross-appeal against the US SEC.
• The latest development comes a few days after the SEC dropped its appeal against the payment firm.
• The final resolution remains subject to the commission vote and other legal procedures.

Cross-border payment firm and XRP’s parent company, Ripple, has dropped its cross-appeal against the United States Securities and Exchange Commission (SEC). The company’s Chief Legal Officer (CLO), Stuart Alderoty, disclosed this on X, signaling a potential end to the protracted legal dispute between both parties.

Ripple’s decision to drop the cross-appeal comes a few days after the regulatory body abandoned its appeal against the company. On March 19, the company’s Chief Executive Officer (CEO) Brad Garlinghouse confirmed that the US SEC withdrew its appeal filing against the payment platform.

According to Alderoty’s tweet, the SEC will keep $50 million of the $125 million fine imposed on Ripple in August 2024. He noted that the $50 million is already in interest-bearing escrow in cash. Meanwhile, the SEC will return a balance of $75 million to the payment platform.

Beyond the financial obligations, the settlement involves the SEC requesting Judge Analisa Torres to lift the ‘obey the law’ injunction from August’s ruling. Alderoty added that all agreements remain subject to the commission vote, drafting of legal papers, and usual court procedures.

The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…

Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…

— Stuart Alderoty (@s_alderoty) March 25, 2025

A Brief Overview of the SEC Vs. Ripple Protracted Legal Dispute

The legal dispute between the SEC and Ripple began in December 2020. The regulatory body sued Ripple, alleging that the company sold XRP, which it classified as security assets, to US customers. According to the SEC filing, the company realized over $1.3 billion through unregistered security sales since 2013.

The lawsuit also targeted Christian Larsen, the payment company’s co-founder, and Garlinghouse for aiding the unregistered token sales. Since then, both parties have attended multiple court hearings without resolution.

Instead, the case dragged on, weighing on XRP’s price and preventing it from partaking in the 2021 generalized market rally. At some point, the court cleared Larsen and Garlinghouse of all SEC charges. This verdict heightened XRP enthusiasts’ hope for a favorable court outcome.

XRP Records Slight Jump as Ripple Abandons Cross Appeal

At the time of press, XRP is up 0.75% in the past 24 hours, trading at approximately $2.45. It ranks as the fourth most valuable crypto, with a $142.19 billion market cap. XRP’s 24-hour trading volume is down 12.7% to about $2.68 billion. In its other extended period price change variable, XRP recorded increments of about 7,4% week-to-date and 12.6% 14-day-to-date. However, its month-to-date statistics reflected a slight 1.4% decline.

BOOOOOM 💥💥💥 $XRP

Today SEC vs #Ripple case has OFFICIALLY ENDED today

AND

On the same day, today Trump signs EXECUTIVE ORDER to modernize treasury payment systems 💥💥💥

THINK 🚨🚨

THIS HAS $XRP WRITTEN ALL OVER IT 🚀💥$XRP IS $1000 coin
Hit like if you agree ❤️🫶 pic.twitter.com/b6O2bDInzG

— Random Crypto Pal (@RandomCryptoPal) March 26, 2025

XRP had one of its best runs in a long time after Trump’s election win. XRP topped $1 for the first time in over two years. The sustained surge pushed XRP above $3 in January of this year. At some point, XRP ranked as the third most valuable cryptocurrency, above Tether (USDT), Solana (SOL), and Binance Coin (BNB), before slipping to the fourth spot. Market observers remain hopeful about XRP’s potential to reclaim previous price highs.

Some analysts have predicted that the token could surge as high as over $10. In one of its old publications, Crypto2Community reported an ambitious price target for XRP. In the publication, Dark Defender asserted that the coffee cup’s depth appearance on XRP’s price chart could drive it to $44.22.