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Ripple vs SEC case ends with appeals dropped; $125M penalty and sales restrictions remain.

Market News
28 May 2026
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The Ripple vs SEC lawsuit officially ended in August 2025 when both parties dismissed their appeals, leaving Judge Torres's 2023 ruling and 2024 final judgment intact. Ripple must pay a $125 million penalty and abide by a permanent injunction restricting direct institutional XRP sales in the US, though secondary market XRP trading remains legal. The case clarified XRP's legal status as a non-security on secondary markets but left operational restrictions on Ripple's institutional business. The pending CLARITY Act could solidify this framework into binding federal law, while Ripple continues to adapt its US institutional offerings to comply with existing restrictions.

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