Ripple Labs Achieves Milestone with SEC Waiver
Ripple Labs recently achieved a significant milestone by obtaining a waiver from the U.S. Securities and Exchange Commission (SEC) that lifts a previous disqualification under Regulation D. This development, announced on August 8, 2025, is expected to facilitate greater institutional adoption of XRP, enhancing opportunities for capital raising and reinforcing investor confidence in the cryptocurrency.
Background of the Legal Saga
The legal saga began back on December 22, 2020, when the SEC filed a lawsuit against Ripple in the Southern District of New York, alleging that the company’s XRP sales breached the Securities Act of 1933. Following a courtroom battle, a definitive judgment was rendered on August 7, 2024, which imposed an injunction barring Ripple from any further infractions.
Settlement and SEC Waiver
After the verdict, both Ripple and the SEC sought to reach a settlement, withdrawing their respective appeals in May 2025. The objective was to have the injunction annulled, thereby reinstating Ripple’s ability to utilize the exemptions provided for private offerings under Regulation D. Despite the appeal for this relief being denied by the district court, the SEC subsequently granted Ripple the waiver.
“In light of previous decisions to resolve this matter, the Commission has found that good cause exists to not deny the exemption provided under Rule 506 of the Securities Act.”
Regulation D serves to exempt certain private offerings from burdensome registration processes, enabling smaller firms to attract investments with greater efficiency. The SEC’s order concluded by formally granting Ripple a waiver that removes its previous disqualification under this regulation.
Impact on the Cryptocurrency Market
The ruling has caught the attention of cryptocurrency advocates. Attorney Bill Morgan took to social media to express that this moves Ripple forward while also marking a win for XRP. Following the conclusion of the legal dispute with the SEC, XRP has enjoyed a notable rise in value, attributed to renewed regulatory clarity.
This favorable environment is attracting increased interest from institutions, with several companies exploring treasury strategies that involve XRP—signaling a revitalization of interest in the cryptocurrency and raising hopes for the introduction of an XRP-focused exchange-traded fund (ETF).
