CryptoMediaClub
Tuesday, July 8, 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

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients
All news

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

08.07.2025
0

Banco Bilbao Vizcaya Argentaria (BBVA) enabled retail clients in Spain to buy, sell, and hold BTC and ETH directly through...

Read moreDetails
Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

08.07.2025
Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

08.07.2025
Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

08.07.2025
Bit Digital Goes All-In on Ethereum, Dumping 280 BTC to Build 100K+ ETH Treasury

Bit Digital Goes All-In on Ethereum, Dumping 280 BTC to Build 100K+ ETH Treasury

08.07.2025
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

Bitwise Launches Solana Staking ETP in Europe as U.S. Awaits ETF Approval

Bitwise Launches Solana Staking ETP in Europe as U.S. Awaits ETF Approval

7 months ago
Is the SEC a bad cop? CoinRoutes CEO Dave Weisberger breaks down crypto regulation in the US

Is the SEC a bad cop? CoinRoutes CEO Dave Weisberger breaks down crypto regulation in the US

2 years ago
OPNX quips about its early dismal volume after reporting 90,000% surge

OPNX quips about its early dismal volume after reporting 90,000% surge

2 years ago

Hong Kong Confirms Crypto Commitment at Web3 Conference: Report

2 years ago

Categories

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

Highlights

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

Bitcoin ETFs Soar: US Spot Funds Witness Astonishing $216M Inflows

Bit Digital Goes All-In on Ethereum, Dumping 280 BTC to Build 100K+ ETH Treasury

Vitalik Buterin Urges Crypto to Embrace ‘Copyleft’ Licensing to Revive Open-Source Ethos

Trending

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC
Blockchain

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
0

Skip to content

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

08.07.2025
Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

08.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

08.07.2025
  • 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