In a landmark moment for the cryptocurrency industry, Ripple Labs and the U.S. Securities and Exchan
In a landmark moment for the cryptocurrency industry, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially brought their long-standing courtroom battle to a close.
Both parties filed a joint stipulation to dismiss their respective appeals in the United States Court of Appeals for the Second Circuit, marking the end of a legal dispute that has shaped the regulatory conversation around digital assets for half a decade.
The case, which began in 2020, revolved around whether Ripple‘s XRP token should be classified as a security. The drawn-out litigation not only put Ripple’s business operations under a microscope but also cast a shadow over the broader crypto sector, with its outcome closely watched by regulators, investors, and blockchain innovators worldwide.
According to the court filing, each side will bear its own legal costs and fees, avoiding any further proceedings. The move effectively closes the chapter on one of the most high-profile cases in crypto history, removing a major source of uncertainty for XRP holders and the market at large.
Following the news, XRP saw a noticeable price boost, climbing 4% in the last 24 hours to reach $3.11 at the time of writing. Investors appear optimistic that the resolution will pave the way for renewed adoption, partnerships, and regulatory clarity for Ripples payment solutions.
The conclusion of this case could have far-reaching implications beyond Ripple. By sidestepping a final appellate decision, both parties have left certain legal questions unresolved, but the market reaction suggests that sentiment is leaning toward relief and renewed confidence in the asset.
With this major legal overhang removed, market analysts will now be watching closely to see whether XRP can capitalize on the momentum and challenge its previous all-time highs in the months ahead.
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