XRP Holders Demand Closure as Ripple SEC Battle Ends

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The protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has reached a significant conclusion, marking a pivotal moment for the cryptocurrency industry. Despite the resolution, XRP holders are expressing frustration over the SEC’s silence, seeking an official statement to confirm the lawsuit’s closure.

Background of the Ripple vs. SEC Case

In December 2020, the SEC filed a lawsuit against Ripple Labs, alleging that the company’s sale of its native cryptocurrency, XRP, constituted an unregistered securities offering. This initiated a legal dispute that lasted over four years, drawing significant attention within the crypto community.

XRP Holders Demand Closure as Ripple SEC Battle Ends

Settlement Details and Financial Implications

In March 2025, both parties settled. Ripple agreed to pay a $50 million fine, significantly reduced from the initially proposed $125 million. Additionally, the SEC dropped its appeal, and Ripple withdrew its cross-appeal. The court’s injunction against Ripple was also lifted, allowing the company to operate without the previous legal constraints.

Market Reaction and XRP Price Movement

Following the settlement announcement, expectations were high for a positive impact on XRP’s market value. However, the cryptocurrency experienced only a modest uptick, with prices stabilizing around $2.60. This subdued response suggests that investors may be awaiting further confirmation from regulatory authorities before making significant moves.

Community’s Call for Official SEC Confirmation

Despite the settlement, the SEC has not issued a formal public statement confirming the case’s closure. This lack of communication has led to growing frustration among XRP holders, who are seeking explicit acknowledgment similar to announcements made in other cases. Ripple CEO Brad Garlinghouse addressed these concerns during the Digital Assets Summit on March 19, 2025, affirming that the dismissal is valid without an official SEC statement.

Ripple CEO Brad Garlinghouse — Ripple CEO

Implications for the Cryptocurrency Industry

The resolution of this lawsuit is significant for the broader cryptocurrency market. It sets a precedent for how regulatory bodies may approach similar cases in the future and highlights the need for clear guidelines within the industry. The outcome may influence the development and adoption of cryptocurrencies, as companies seek to navigate the evolving regulatory landscape.

Conclusion

While the settlement between Ripple and the SEC marks the end of a lengthy legal battle, the absence of an official statement from the SEC leaves some questions unanswered. XRP holders and the broader crypto community continue to seek clarity, underscoring the importance of transparent communication from regulatory authorities in fostering trust and stability within the market.

FAQs

What was the SEC’s allegation against Ripple Labs?

The SEC alleged that Ripple Labs conducted an unregistered securities offering by selling XRP, violating federal securities laws.

How much did Ripple agree to pay in the settlement?

Ripple agreed to pay a $50 million fine as part of the settlement, reduced from the initially proposed $125 million.

Has the SEC issued a formal statement regarding the settlement?

As of now, the SEC has not issued a formal public statement confirming the closure of the lawsuit.

How did XRP’s price react to the settlement news?

XRP’s price experienced a modest increase, stabilizing around $2.60 following the settlement announcement.

Why are XRP holders seeking an official statement from the SEC?

XRP holders are seeking explicit confirmation from the SEC to ensure the case is fully resolved and to provide clarity for future market participation.

Glossary of Key Terms

XRP: A digital asset and cryptocurrency developed by Ripple Labs, used primarily for payments and remittances.

Securities and Exchange Commission (SEC): A U.S. federal agency responsible for enforcing securities laws and regulating the securities industry.

Unregistered Securities Offering: The sale of securities without registering with the SEC, which is required to ensure transparency and protect investors.

Injunction: A court order requiring an individual or entity to do or cease doing a specific action.

Cross-Appeal: An appeal by a respondent in a legal case, challenging a different aspect of the decision than the original appeal.