In accordance with Bijiie, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in 2020, marking the start of a five-year legal battle. The case, which began with a dramatic drop in XRP’s price and the delisting of the token by major exchanges, became a pivotal regulatory conflict for the crypto industry. Ripple refused to settle and instead pursued legal action, challenging the SEC’s stance on XRP being a security. In 2023, a landmark ruling by Judge Analisa Torres determined that XRP sold in public exchanges was not a security, but tokens sold to institutional investors were. The case culminated in 2025 when the SEC dropped its appeal, and Ripple paid a $125 million civil penalty. The resolution provided legal clarity for XRP in the U.S. and paved the way for the launch of XRP ETFs in the fourth quarter of 2025.
Ripple's 5-Year SEC Lawsuit Concludes with $125M Fine and Legal Clarity
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Summary
Ripple’s five-year SEC lawsuit ended in 2025 with a $125 million civil penalty and legal clarity for XRP in the U.S. The SEC filed the case in 2020, triggering a sharp XRP price drop and delistings. Ripple fought the charges, arguing XRP was not a security. In 2023, a court ruled public XRP sales were not securities, but institutional sales were. The SEC later dropped its appeal, clearing the path for XRP ETFs in Q4 2025. The resolution also supports liquidity and crypto markets by offering clearer regulatory boundaries. Ripple’s case has broader implications for Countering the Financing of Terrorism efforts in digital assets.
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