- Ripple and the Sec withdraw their applications for appeal and thus end the four and a half years long legal dispute over XRP status.
- The now existing legal certainty increases the opportunities for XRP ETFs, while Blackrock is under pressure to get into the market.
Ripple CEO Brad Garlinghouse has confirmed that the company and the US stock exchange supervision SEC have agreed not to pursue their appeals any further. This marks the official end of the most spectacular court procedure in the crypto industry.
The decision of the two parties to have to let it be good now came just a few days after a US district court had rejected a joint application by the parties to reduce the fine against Ripple and to lift the upper limit for the sale of XRP.
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in. https://t.co/ZsRgDfcpLh
— Brad Garlinghouse (@bgarlinghouse) June 27, 2025
The application should achieve to reduce the punishment for Ripple from $ 125 to $ 50 million and to remove a permanent ban on sales for XRP to institutional customers. But the court did not take place and put the arguments against the election of going into the appeal or accepting the first instance judgment.
In this clear situation, Ripple CEO Garlinghouse also assured that Ripple’s request for appeals would be withdrawn. The appeal would have contested the former decision of the court regarding the institutional sales of XRP. A withdrawal of your application for appeal is now also expected from the SEC.
10 XRP ETF applications get new up-to-date in view of the safe legal situation
Garlinghouse said that the chapter ended and that a final strike was drawn among the long-term legal dispute. He added that Ripple would now focus on the development of the “Internet of Value”. The end of the process affects the entire crypto industry, especially naturally on investor behavior compared to XRP.
The focus is particularly on the ETF sector. According to Nate Geraci, the President of ETF Store Inc. Decision the regulatory risk that had delayed the approval of XRP ETFs. More than ten companies, including 21shares and BitWise, have already submitted applications to the SEC to offer XRP-Spot ETFs, but the unsolved legal dispute was a hurdle ..
The decision not to appeal has now effectively eliminated the obstacle, which means new momentum for the ETF applications around XRP.
Speculation about a Blackrock XRP-ETF
The focus is now moving to large financial institutions. One suspects that Blackrock submits an XRP ETF after the regulatory hurdle has been removed. So far, Blackrock has not submitted an ETF application despite the growing XRP popularity. Many industry observers believe that the current SEC-Ripple case was the only one that stopped Blackrock from it. Now that the legal undergrowth has been eliminated, Blackrock could get into the XRP market via an ETF. If Blackrock appears on the list of issuers, the institutional investment in XRP will redefine.
Ripple now wants to concentrate fully on growth. After four and a half years, the case has changed the handling of the US regulatory authorities with cryptocurrencies. With the prevailing clarity, Ripple and the XRP system could attract the full institutional interest.
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