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SEC Commissioner Says Ripple Lawsuit Is Finally Laid to Rest
SEC Commissioner Says Ripple Lawsuit Is Finally Laid to Rest
August 12, 2025
Ripple Vs SEC
The SEC leadership, including Commissioner Hester Peirce, ‘Crypto Mom,’ has confirmed that the agency has laid the Ripple case to rest. In a tweet yesterday, Commissioner Peirce stated that the SEC’s long-running case against Ripple has officially ended. This comes after the SEC and Ripple filed a joint stipulation to dismiss their appeal and cross-appeal, respectively, in the Second Circuit. After the filing, the commissioner emphasized that the case has finally been laid to rest, meaning that the lawsuit has been finally resolved, not paused nor partially settled. According to him, the SEC should only concern itself with building a clear regulatory framework for the U.S. crypto industry, fostering innovation in the space, and protecting investors.
Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors. #ProjectCrypto — Paul Atkins (@SECPaulSAtkins) August 11, 2025
In response, Ripple’s CLO, Stuart Alderoty, expressed gratitude to the SEC chairman for leading efforts in creating clear rules for the U.S. crypto industry. Judge Torres’ Final Judgment Still Stands Meanwhile, the SEC also announced the resolution of its civil enforcement action against Ripple and two of its executives, Chris Larsen (Chairman) and Brad Garlinghouse (CEO). It noted that with the appeals dropped, the federal court’s final decision, which resulted in a $125 million fine against Ripple and a permanent injunction, will remain in effect.
Recall that the parties initially attempted to modify the final judgment by dismissing the injunction and reducing the fine to $50 million. However, Judge Analisa Torres rejected the request on two occasions. Since Judge Torres did not grant the request and the parties have decided to drop their appeals, the SEC confirmed that the district court’s final judgment still stands. Consequently, the $125 million fine, which was held in an escrow account by Ripple’s legal team, will be released to the SEC. Similarly, the fintech company will be fully restricted from selling XRP to U.S.-based institutions without registering with the SEC.
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