SEC and Ripple End Appeals Process, XRP Non-Security Ruling Becomes Final

According to a report by Jinse Finance, the U.S. Securities and Exchange Commission (SEC) and Ripple have reached an agreement to jointly withdraw their appeal in the Second Circuit Court, marking the official conclusion of one of the most closely watched legal disputes in the crypto industry. According to the withdrawal document, both parties will bear their own litigation costs. The ruling made by Judge Analisa Torres in 2023 will stand as the final judgment: XRP transactions on secondary markets do not constitute securities transactions, but large-scale sales to institutional investors are considered illegal securities offerings. Following the announcement, the price of XRP surged over 7%, rising from $3.04 to $3.27. Ripple CEO Brad Garlinghouse stated that the company will fully put this legal dispute behind them and focus on more important matters—building the “Internet of Value.”