From Yahoo Finance: 2025-06-27 18:37:00

Ripple Labs CEO Brad Garlinghouse announced the company will drop its cross-appeal in the legal battle with the SEC, signaling an end to the years-long dispute. XRP saw a 1.4% increase following the news. U.S. District Judge Analisa Torres rejected a proposed settlement that would have reduced Ripple’s penalty to $50 million and removed a permanent injunction. The court’s refusal to approve the settlement led Ripple to withdraw its cross-appeal, accepting the $125 million penalty. The SEC initially sued Ripple in 2020, alleging violations of securities laws related to XRP sales.



Read more at Yahoo Finance: Ripple to Drop Cross-Appeal Against SEC, Ending Years-Long Legal Battle With SEC