The SEC and Ripple Labs have agreed to dismiss their appeals, bringing closure to one of the most high-profile crypto lawsuits in history. The case, which began in 2020, centered on whether XRP was an unregistered security. In 2023, a federal judge ruled that XRP sold on public exchanges did not qualify as a security, though institutional sales did. Ripple was fined $125 million, far less than the SEC’s initial $2 billion demand. The dismissal has led to a 13% price spike for XRP, now trading near its all-time high. The crypto community celebrates this as a landmark win for regulatory clarity.
about Ripple and SEC End Legal Battle, XRP Price Surges 13%Analisa Torres
0 posts last weekXRP Surges as Regulatory and Corporate Tailwinds Converge
XRP’s price has surged to $3.08, up 27% this week, as regulatory and corporate tailwinds converge. The GENIUS Act’s progress, Ripple’s banking and MiCA compliance efforts, and the nearing resolution of its SEC lawsuit are key catalysts. Additionally, ETF filings and Ripple’s acquisition strategy signal growing institutional interest. Analysts like Pentoshi note XRP’s strong technical structure, with thin overhead resistance, suggesting potential for further gains. However, whether it can surpass its 2018 all-time high of $3.84 remains uncertain.
about XRP Surges as Regulatory and Corporate Tailwinds ConvergeXRP Surges 5% Amid Bullish Sentiment & US Adoption News
After days of declines, XRP has surged nearly 5%, reaching $2.2 for the first time in days, outperforming BTC and ETH. The rally coincides with heightened bullish sentiment among traders, as Santiment data shows positive XRP commentary at a two-week high despite a recent court ruling against Ripple in its ongoing SEC case. Adoption news also fueled the uptick, with Coinme enabling XRP cash transactions at 28,000+ US locations. XRP now leads gains among top 50 altcoins as the SEC lawsuit drags on, defying expectations after Ripple’s CEO previously suggested the case was effectively over.
about XRP Surges 5% Amid Bullish Sentiment & US Adoption NewsXRP Trading Volume Surges 27% Amid US-China Trade Talks
XRP’s trading volume rose 27% to $2.58 billion amid renewed optimism from US-China trade talks in London, signaling potential tariff relief. The broader crypto market rebounded, with Bitcoin surpassing $107,000 and Ethereum climbing above $2,500. Despite a slight 0.2% dip, XRP remains up 4.7% weekly, reflecting resilience despite ongoing legal challenges in the Ripple vs. SEC case. Attorney Bill Morgan warned of a possible 60-day delay if no new motion is filed by June 16. Meanwhile, Judge Analisa Torres reaffirmed XRP’s non-security status on exchanges, though legal uncertainties persist. The US-China talks, aimed at easing trade tensions, also lifted global markets, including crypto and stocks.
about XRP Trading Volume Surges 27% Amid US-China Trade TalksRipple CLO Confident Despite SEC Motion Denial
Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized that the court’s recent denial of a joint motion with the SEC does not undermine Ripple’s prior legal wins, including the classification of XRP as not a security. Judge Analisa Torres rejected the motion as procedurally improper, requiring a higher legal standard under Federal Rule of Civil Procedure 60. The motion sought to dissolve an injunction and reduce a $125 million civil penalty, but the judge ruled it failed to meet the necessary legal threshold. Alderoty remains confident in XRP’s legal standing, stating the case will be revisited. The court’s decision reinforces the finality of its previous rulings, including the 2023 finding that Ripple violated securities laws.
about Ripple CLO Confident Despite SEC Motion DenialSEC Slashes Ripple Penalty to $50M in Landmark Settlement
The SEC and Ripple Labs have agreed to a $50 million settlement, marking the conclusion of their prolonged legal battle over XRP’s classification as a security. While the SEC frames this as part of its regulatory reform efforts, Commissioner Caroline Crenshaw strongly dissents, arguing it weakens investor protections and judicial authority. The settlement terms prevent future challenges to the court’s ruling while allowing Ripple to reclaim part of the escrowed funds. XRP’s price reacted positively, jumping 6.7% amid speculation it could reach new highs.
about SEC Slashes Ripple Penalty to $50M in Landmark SettlementRipple Settles SEC Lawsuit for $50M Over XRP Sales
The SEC and Ripple Labs have officially settled a lawsuit that began in December 2020, with Ripple agreeing to pay $50 million. The SEC had initially sought a $2 billion fine, alleging that Ripple sold unregistered securities through its XRP token. A 2023 court ruling partially favored Ripple, stating that programmatic sales of XRP on exchanges did not qualify as securities, though institutional sales did. The settlement marks a significant moment in crypto regulation, reflecting a shift in the SEC’s approach under new leadership. XRP, the fourth-largest cryptocurrency by market cap, saw its price rise by over 8% following the news.
about Ripple Settles SEC Lawsuit for $50M Over XRP SalesOregon Sues Coinbase Over 31 Unregistered Securities
Oregon’s attorney general, Dan Rayfield, has filed a 171-page lawsuit against Coinbase, accusing the exchange of facilitating the sale of 31 unregistered securities, including tokens like AAVE, ADA, and XRP. The lawsuit seeks a jury trial and penalties of $20,000 per violation, alleging that Coinbase misled investors with risky, unchecked offerings. Coinbase’s Chief Legal Officer, Paul Grewal, responded by dismissing the lawsuit as politically motivated, citing omitted court rulings and private law firms’ involvement. He emphasized that the ‘war against crypto’ is over, referencing recent SEC case dismissals. Coinbase has also filed a FOIA request for transparency on past enforcement actions.
about Oregon Sues Coinbase Over 31 Unregistered SecuritiesRipple SEC lawsuit update amid settlement speculation and ongoing legal battles
Speculation is rising that the SEC’s upcoming closed meeting under new Acting Chairman Mark Uyeda may address the ongoing Ripple lawsuit, yet experts caution against expecting significant outcomes. The core issue remains whether XRP is classified as a security, with the SEC arguing it was sold as an unregistered investment, while Ripple maintains it is a digital asset for payments. Despite a recent ruling favoring Ripple, the SEC has appealed, prolonging the legal battle.
about Ripple SEC lawsuit update amid settlement speculation and ongoing legal battlesXRP poised for significant gains amid legal developments and SEC leadership change
XRP is poised for a potential 60% gain, targeting $4, following a breakout from a symmetrical triangle pattern amid positive developments in its legal battle with the SEC. A recent court ruling has bolstered optimism, especially with leadership changes at the SEC, as incoming chair Paul Atkins may adopt a more favorable approach to crypto regulation. However, XRP must maintain its position above key support levels to sustain this bullish outlook.
about XRP poised for significant gains amid legal developments and SEC leadership changeXRP ETF Approval Likely This Year Amid Market Optimism and Legal Developments
Ripple’s president, Monica Long, indicated that an XRP ETF approval is likely this year, following Bitcoin and Ethereum. With a +70% chance of approval in 2025, optimism is growing in the crypto market, especially as legal clarity around XRP’s status evolves amid ongoing SEC litigation. Long also mentioned that the Ripple dollar (RLUSD) will soon expand to major platforms like Coinbase, while the outcome of the SEC’s appeal regarding XRP’s classification could significantly impact its ETF prospects.
about XRP ETF Approval Likely This Year Amid Market Optimism and Legal Developments