Ripple vs SEC: Dismissal Filed, What’s Left in the Process?

In a surprise turn, Ripple and the U.S. Securities and Exchange Commission have officially ended their long-running court fight. Following a vote by the Commission, both sides filed directly with the Second Circuit Court to dismiss their appeals. This means the high-profile Ripple vs SEC case, which has stretched over several years, is now over.

The announcement was confirmed through a joint dismissal filing. While the news brought relief to much of the XRP community, some supporters are still double-checking the details, given how long the legal process has dragged on. One user asked whether dropping the appeals means there is nothing else left to do.

Former SEC lawyer Marc Fagel responded, explaining that once both sides withdraw their appeals, the case is essentially finished. “There is some administrative function for the Court of Appeals to formally dismiss the appeals, but there is no further role for either court to step in,” he said. “For all practical purposes, the litigation is over.”

When asked about the penalty, Fagel confirmed that Ripple will pay $125 million to the U.S. Treasury.

This marks the end of one of the most closely watched legal battles in the cryptocurrency world, clearing the path for Ripple to focus on business growth and XRP adoption. This legal breakthrough could pave the way for an XRP spot ETF. XRP futures are already trading with strong volume on the CME, which experts say is a key factor for SEC approval. Analysts also expect BlackRock to file for an XRP ETF soon, alongside Solana.

Ripple announced it will acquire RAIL Financial for $200 million. RAIL provides infrastructure for fast, borderless payments by combining stablecoins with traditional finance, a move that strengthens Ripple’s position in global payments and crypto infrastructure.

With the lawsuit resolved and a major acquisition in place, XRP is attracting strong liquidity and bullish sentiment.