CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

XRP Surges as Ripple CEO Garlinghouse Signals End to SEC Dispute

28.06.2025
A A
0
120
VIEWS
ShareShare

XRP rallied more than 3% on Friday after Ripple Labs CEO Brad Garlinghouse announced the company is dropping its cross-appeal against the US Securities and Exchange Commission (SEC).

Key Takeaways:

  • XRP surged after Ripple’s CEO announced plans to drop the cross-appeal against the SEC.
  • A federal court recently denied Ripple and the SEC’s bid to reduce a $125 million penalty.
  • Ripple’s legal team emphasized that XRP’s status as not a security remains unchanged, easing investor concerns.

“Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse said in a post on X.

He added that Ripple is now focused on “building the internet of Value” as the company moves past the lengthy legal saga. Following his statement, XRP jumped 3.36% to $2.18, according to CoinMarketCap data.

Court Rejects Ripple-SEC Bid to Cut $125M Fine

The development comes just a day after the US district court denied a joint request from Ripple and the SEC seeking an indicative ruling to reduce Ripple’s $125 million civil penalty and reverse the order labeling Ripple’s institutional XRP sales as securities transactions.

Judge Analisa Torres wrote that Ripple’s willingness to “push the boundaries” of the prior summary judgment indicated a likelihood of further violations.

Ripple’s chief legal officer Stuart Alderoty commented on the court’s decision, saying Ripple had two options: to drop its appeal or continue challenging the finding.

He emphasized that regardless of the path chosen, “XRP’s legal status as not a security remains unchanged,” reassuring investors that Ripple’s operations would proceed normally.

The SEC lawsuit, first filed in December 2020, accused Ripple Labs, Garlinghouse, and co-founder Chris Larsen of raising $1.3 billion through unregistered sales of XRP in violation of federal securities laws.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has denied the parties’ Motion for an Indicative Ruling. pic.twitter.com/9AMhGcQUsU

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 26, 2025

While the court ruled that Ripple’s programmatic sales of XRP did not constitute securities transactions, it held that Ripple’s institutional sales did.

Garlinghouse previously described Judge Torres’ August 2024 ruling imposing a $125 million penalty — significantly lower than the SEC’s initial $2 billion demand — as a “victory” for Ripple.

If the SEC follows through on dropping its appeal, the move would mark the end of a four-year dispute, potentially lifting a major cloud over XRP’s future in the US market.

XRP Ledger Upgrade Adds Institutional Tokens

As reported, RippleX, the development arm of Ripple, has rolled out version 2.5.0 of the XRP Ledger, introducing several protocol upgrades aimed at strengthening network functionality and security.

RippleX engineer Mayukha Vadari has called the upgrade “possibly the best single lineup of amendments” ever released, introducing significant improvements to token management and transaction processing.

The XLS-85 amendment upgrades the escrow system by allowing third-party issued tokens, including stablecoins, and introduces multi-purpose tokens designed for institutional applications.

Another key change, XLS-56, enables wrapper transactions that can combine up to eight steps into a single action, aiming to lower failure rates in complex transaction flows and improve network efficiency for advanced use cases.

The new update comes as the XRP Ledger has recorded a surge in user activity, with the number of daily active addresses climbing from an average of 35,000 to over 295,000.

The post XRP Surges as Ripple CEO Garlinghouse Signals End to SEC Dispute appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Why Is Crypto Up Today? – July 31, 2025
All news

Why Is Crypto Up Today? – July 31, 2025

31.07.2025
0

The crypto market is up today, seeing a minor uptick. Three-quarters of the top 100 coins per market have turned...

Read moreDetails
10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Load More
Next Post
Sen. Tim Scott Sets Sept. 30 Deadline For Crypto Market Structure Legislation

Sen. Tim Scott Sets Sept. 30 Deadline For Crypto Market Structure Legislation

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Important Update to 25 Trading Pairs on Binance

2 years ago
Former Fidelity International Executive Luc Froehlich Joins Layer N Advisory Board

Former Fidelity International Executive Luc Froehlich Joins Layer N Advisory Board

1 year ago
Base Transforms Coinbase Wallet Into Universal Web3 Platform

Base Transforms Coinbase Wallet Into Universal Web3 Platform

2 weeks ago
Binance turmoil leads to record futures activity – analyzing the impact

Binance turmoil leads to record futures activity – analyzing the impact

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Trending

Why Is Crypto Up Today? – July 31, 2025
All news

Why Is Crypto Up Today? – July 31, 2025

31.07.2025
0

The crypto market is up today, seeing a minor uptick. Three-quarters of the top 100 coins per...

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz