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#btc# A tweet from December 2020 to June 27, 2025, marks the conclusion of the $30 billion market capitalization lawsuit between Ripple and the SEC. Ripple has decided to withdraw its cross-appeal, and the SEC will no longer contest, thus settling the legal status of XRP in the U.S.
The U.S. Securities and Exchange Commission (SEC) has reached an agreement with Ripple to jointly withdraw the appeal in the Second Circuit Court, marking the formal conclusion of one of the most closely watched legal disputes in the cryptocurrency industry. According to the dismissal documents, both parties will bear their own litigation costs. The ruling made by Judge Analisa Torres in 2023 will become the final judgment: trading of XRP in the secondary market does not constitute a securities transaction, but large sales directed at institutional investors are considered illegal securities offerings. Following the announcement, the price of XRP rose over 7%, from $3.04 to $3.27.
Ripple CEO Brad Garlinghouse stated that the company will completely end this legal dispute and focus on more important things - building the 'Internet of Value'.