Ripple vs SEC Lawsuit Update: Only One Step Left

The post Ripple vs SEC Lawsuit Update: Only One Step Left appeared first on Coinpedia Fintech News

The long-running Ripple vs. SEC lawsuit is finally coming to an end. This week, the U.S. Securities and Exchange Commission (SEC) filed a status report with the Court of Appeals, noting that both Ripple and the SEC had jointly agreed to dismiss their appeals.

While some XRP supporters thought the case still needed a judge’s approval, legal experts have now clarified the situation. Former SEC lawyer Marc Fagel explained that the only step left is an administrative action by the court clerk to formally close the case.

“For the sake of clarity, the only thing remaining is administrative closing of the case by the clerk. No judge approval is required. It’s essentially over already,” Fagel said.

This means the lawsuit, running since December 2020, is now, for all practical purposes, finished. The joint dismissal by both parties marks the official end of the legal battle, which has been closely watched across the crypto industry.

Ripple Celebrates, XRP Price Reacts

A few days ago, Ripple CLO, SEC Commissioners and others confirmed the news on its official channels, calling the lawsuit “officially over.” The announcement quickly spread across Crypto Twitter, gathering millions of views within hours.

The news also boosted market sentiment. XRP’s price jumped, while broader cryptocurrencies like Ethereum also rose. This new development could push XRP to new highs if buying pressure continues.

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What This Means for Ripple and Crypto

The end of the SEC case removes one of the biggest uncertainties for Ripple and its token, XRP. For years, the lawsuit created doubts about whether XRP was a security, limiting partnerships and adoption in the U.S.

With the case now closed, Ripple is expected to push ahead with new business deals and product announcements. The company has already hinted at major developments that could be revealed in the coming months.

Conclusion

The Ripple vs. SEC lawsuit is, for all practical purposes, over. The only thing pending is a routine step by the court clerk to formally close the appeal.

For Ripple and XRP holders, this marks the end of a long legal battle and the start of a new growth chapter for the cryptocurrency.

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FAQs

Is the Ripple vs SEC lawsuit officially over?

Yes, both parties dismissed appeals; only an administrative court step remains.

How did XRP price react to the SEC case ending?

XRP surged as legal clarity boosted investor confidence and market sentiment.

Why is the Ripple vs SEC case important for crypto?

It removes uncertainty on XRP’s status, setting a precedent for crypto regulation.