Update on Ripple vs. SEC Legal Battle
James K. Filan, a former federal prosecutor known for his insights into the ongoing legal battle between Ripple and the SEC, recently provided an important update through social media platform X. In a status report submitted on August 15, 2025, the U.S. Securities and Exchange Commission notified the Court of Appeals that both Ripple and the SEC have submitted a joint stipulation for the dismissal of their respective appeals, which is now pending court approval.
Details of the SEC’s Filing
Filan’s report highlights that the SEC’s filing outlines that both parties have agreed to dismiss the appeals filed after a district court imposed a substantial civil penalty of $125 million against Ripple. At the same time, this decision reinforces that the final judgment from the lower court remains effective, meaning Ripple must adhere to the stipulations set forth, including compliance with the Securities Act of 1933.
Community Reactions
XRP community member and lawyer Bill Morgan indicated that the SEC’s recent maneuver appears to be more of a procedural formality, not significantly altering the status or implications of the ongoing litigation.
This sentiment aligns with the broader context of the case, as earlier in August, the SEC and Ripple had already agreed to dismiss their appeals, signaling a potential resolution to their prolonged conflict.
Background of the Legal Dispute
The legal dispute, initially launched by the SEC in late 2020, centered on accusations that Ripple Labs, along with its CEO, Brad Garlinghouse, and Chairman, Christian A. Larsen, conducted an unregistered securities offering by selling the cryptocurrency XRP. Ripple’s Chief Legal Officer, Stuart Alderoty, commented on the SEC’s latest filings, interpreting them as a closure to the contentious legal fight that has captured much attention in the cryptocurrency world.
