Судебное разбирательство между SEC и Ripple завершилось, открывая новые возможности для XRP Translation: Legal battle between SEC and Ripple comes to an end, paving the way for new opportunities for XRP

On August 22, the U.S. Second Circuit Court of Appeals ratified the agreement between the Securities and Exchange Commission (SEC) and Ripple Labs, bringing an end to their litigation that has persisted since 2020.

Earlier this month, the involved parties submitted a joint appeal, opting to abandon any further challenges to the court’s previous rulings.

The SEC had initiated legal action against Ripple in December 2020, accusing the company of unregistered sales of securities through XRP tokens.

In July 2023, Judge Analisa Torres ruled that trading XRP on exchanges does not violate the law. However, the offer of the crypto asset to institutional investors was found to infringe securities law.

Ripple was fined $125 million, significantly lower than the SEC’s demand of $2 billion. In October 2024, the SEC filed an appeal, while Ripple countered.

Following Donald Trump’s reelection as President of the United States and changes in the leadership of the SEC, both parties reached an agreement to conclude the dispute. In June this year, Ripple and the SEC requested the court to overturn the fine and lift the ban on offering XRP to larger players, but Torres rejected the request.

The 2023 ruling by the judge has become final and is not subject to appeal. XRP traded on exchanges is not classified as a security. Direct sales to institutional buyers will require SEC registration.

Concurrently with the final resolution of the token’s status, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree updated their applications to the SEC for launching spot ETFs based on XRP.

«It’s a positive sign, though not unexpected,» noted Bloomberg market analyst James Seyffart.

He assessed that this is surely related to the regulator’s feedback on product proposals.

His perspective was echoed by Nate Geraci, president of NovaDius Wealth, who found the collective alteration of applications noteworthy.

On the prediction platform Polymarket, the probability of the regulatory approval for XRP ETFs this year surged to 84%.

At the beginning of June, this figure exceeded 98%, but by August it plummeted to approximately 65%. Despite such low investor confidence, Bloomberg’s team of analysts maintained a 95% probability for the registration of XRP ETFs, believing that the SEC is likely to make a decision in October.

Over the last 24 hours, XRP’s price rose nearly 7% as part of a general market rally triggered by Federal Reserve Chairman Jerome Powell’s remarks. During a conference in Jackson Hole, the central bank leader hinted at the potential for an interest rate cut in September.

The Ripple token remains above the $3 mark.