The SEC and Ripple have officially ended their legal dispute after almost five years of back and forth. Both parties agreed to dismiss the remaining appeal on August 7, officially ending one of the most high-profile crypto lawsuits to date.
This wraps up the debate around whether XRP is a security—at least in terms of its programmatic sales. The court had already ruled in 2023 that XRP wasn’t a security when sold to the public on exchanges. That decision stands now without further appeal.
The move also signals the end of an era defined by Gary Gensler’s “regulation by enforcement” approach. While no one from the SEC openly commented on the closure, it’s clear the agency’s grip on crypto may be loosening.
Following the news, XRP jumped over 10% and now trades around $3.32. Speculation has already started around a possible XRP spot ETF. Eric Balchunas of Bloomberg estimates the approval rate to be 95%, while Polymarket indicates 89%. BlackRock hasn’t filed yet, but many people think it will happen soon.
Meanwhile, Bitcoin surged to $117,484, largely driven by fresh inflows into Bitcoin ETFs (exchange-traded funds), which show rising investor confidence. At the same time, weaker U.S. job data suggests the economy is slowing, which often leads people to invest in assets like Bitcoin as a hedge. If this trend continues, Bitcoin might soon surpass its previous all-time high of $122K.
Conclusion
With the Ripple case behind us, crypto finally feels like it’s catching a break. XRP could see more upside if an ETF comes into play. And as Bitcoin gains ground, investors seem cautiously hopeful. After years of legal fights and regulatory uncertainty, this might just be crypto’s cleanest shot at stability yet.
