The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) was one of the longest and most talked-about crypto cases in recent years. In April 2024, Ripple CEO Brad Garlinghouse said the SEC had agreed to drop the case — just like it had done with other crypto companies.
However, unlike those other cases, the SEC has not officially confirmed that it is ending the Ripple lawsuit. Even so, many in the XRP community are already celebrating, thinking the case is over.
But a pro-XRP lawyer warned that it’s not finished yet. He explained that some legal steps still need to happen in court before it’s truly done.
It is not over yet. Things need to happen first in court https://t.co/Met98eKcc1
— bill morgan (@Belisarius2020) May 7, 2025
Ripple’s Chief Legal Officer, Stuart Alderoty, spoke out recently, asking why the SEC brought the case in the first place. He said the SEC has now dropped every crypto case in the U.S., including its appeal against Ripple.
Alderoty explained that the SEC admitted it couldn’t take legal action without first clearly explaining the rules around crypto. Since there were no clear laws for crypto in the U.S., the SEC’s cases didn’t hold up.
Now, Ripple wants to move forward — focusing on business, working with Congress, and helping create fair rules for crypto. Their goal is to protect consumers, keep out bad actors, and support innovation in the industry.
In other news, Ripple has announced that it will stop publishing its regular quarterly reports on XRP. The company said it made this decision because the SEC used Ripple’s transparency efforts against it during their legal battle.
In its Q1 2025 market report, Ripple explained that it started the reports to be open about its XRP holdings and to share information that few other crypto companies were offering. However, Ripple now says those efforts didn’t work as planned and were actually turned against them — especially by former SEC leaders.
