Ripple’s Chief Executive Officer, Brad Garlinghouse, has officially announced that the company is dropping its cross-appeal in the long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC). According to Garlinghouse, the SEC is also expected to withdraw its appeal as previously indicated. This decision marks a significant development in the legal proceedings between Ripple and the SEC , signaling, as Garlinghouse describes it, the closing of a key chapter in the case. In his statement, Garlinghouse emphasized that the company is now fully focused on advancing its primary mission of building the Internet of Value. Ripple’s Strategic Decision Following Court Options The CEO’s announcement came shortly after a statement from Ripple’s Chief Legal Officer, Stuart Alderoty. Alderoty addressed the legal context surrounding this decision, clarifying that the court had given Ripple two clear options. The company could either dismiss its appeal, which challenged the court’s earlier finding on historical institutional sales, or proceed with the appeal process. Alderoty indicated that the decision to withdraw the appeal reflects Ripple’s strategic choice to move forward operationally while reinforcing that the legal status of XRP remains unaffected. He underscored that XRP’s classification as not being a security in secondary market sales remains unchanged and intact. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Context Behind the Appeal Withdrawal This development follows the recent ruling by Judge Analisa Torres, who denied the joint motion submitted by both Ripple and the SEC seeking to modify certain key terms in the court’s final judgment. The denial of the joint request prompted both parties to reconsider their next steps within the litigation process. Alderoty’s comments suggest that Ripple weighed the court’s directive carefully before determining that dismissing the appeal was in the company’s best interest. XRP’s Legal Status Remains Unchanged Garlinghouse’s message further signals Ripple’s clear intention to redirect its focus away from the prolonged legal challenges and toward its operational goals. The reference to building the Internet of Value reflects Ripple’s continued efforts to expand its global payments infrastructure and further the adoption of blockchain-based financial solutions. His statement conveys a strong message of closure regarding this phase of litigation, indicating confidence in the company’s legal position and strategic direction. Closing the Chapter and Looking Ahead Alderoty’s remarks also make it clear that the decision does not impact the broader clarity Ripple achieved through previous court rulings, particularly the ruling that XRP is not a security in secondary sales. He reaffirmed that, despite the decision to withdraw the appeal related to past institutional sales, the company’s operations will proceed without interruption. The expectation that the SEC will also formally drop its appeal aligns with prior indications from the regulatory body. There is a mutual understanding to bring this phase of the legal dispute to a close. The conclusion of this chapter removes a significant legal overhang that has persisted since the case was first filed in December 2020. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Big News for XRP: Ripple Officially Ends Its Cross-Appeal. Here’s What Is Next appeared first on Times Tabloid .
