Ripple v. SEC Nears Legal Closure as Final Steps Await Court Approval

Ripple-SEC case nears conclusion as both parties drop appeals; final closure expected within 60 days.

Fridah Kangai
March 27, 2025
3:00 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple and SEC agree to drop all appeals, moving the lawsuit into its final legal phase.
Fred Rispoli confirms case closure is expected within 60 days, pending an SEC vote and court approval.
$75M from the initial fine will be returned to Ripple as part of the settlement terms.

The Ripple v. SEC lawsuit, one of the most watched legal battles in cryptocurrency, is entering its final phase. Lawyer Fred Rispoli verifies that the pending tasks represent administrative matters leading to a potential 60-day breakdown of the legal dispute.

Rispoli stated that all required paperwork exists in its completed form. Internal voting by the SEC must be completed within thirty days before applying to the Court to remove the existing Ripple injunction.

Ripple has indicated agreement to the motion, which Judge Analisa Torres plans to approve within 30 days of the filing. Rispoli predicted in his X account that full legal closure would happen no later than 60 days.

Ripple and SEC Withdraw Appeals as Part of the Final Agreement

Ripple’s Chief Legal Officer Stuart Alderoty disclosed that both Ripple and the SEC will remove their pending appeals from the lawsuit. Last week, the Securities and Exchange Commission surrendered its appeal to the ruling without requiring any stipulations, according to Alderoty. Ripple decided to withdraw its cross-appeal after its agreement with the SEC.

The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…

Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
— Stuart Alderoty (@s_alderoty) March 25, 2025

Within the settlement agreement, the SEC maintains possession of $50 million from the original $125 million fine imposed on Ripple. With interest applied, Ripple will recover the remaining $75 million funds in an escrow account.

The SEC plans to petition the Court for removal of the original standard injunction it sought previously. The Commission must vote on the steps, and formal court procedures must be finished before this process can advance.

Fred Rispoli provided feedback on the SEC attorneys’ substantial contributions to the lawsuit by responding to Alderoty’s post. After months of stress pursuing his SEC initiative, he noticed that “all the strenuous work and difficult times and absence of family and leisure activities were gone in just one instant.”

Ripple encountered its first legal challenge from the SEC when the regulatory body filed charges against the company for selling XRP tokens as unregistered securities in December 2020. Management-level XRP transactions violated federal securities laws according to August 2024 court decisions by Judge Torres, but public retail purchases of XRP were found legal.

As the legal proceedings approached their end, both sides stopped pursuing appeals that would shape upcoming digital asset regulatory models across the United States.

Also Read: Ripple Becomes First Blockchain Payments Provider to Secure DFSA License in Dubai