After five long years, the legal dispute between XRP and the United States SEC ( has finally come to an end. On August 8, 2025, both parties announced the withdrawal of all appeals, marking the official conclusion of this highly publicized lawsuit.

The court's ruling has brought mixed results for XRP. On the positive side, the court clearly ruled that retail transactions of XRP on public exchanges do not constitute securities, which provides strong support for XRP's legal status in the secondary market. However, direct sales to institutional investors were deemed to be unregistered securities offerings, resulting in Ripple being fined $125 million and permanently barred from selling XRP to institutions without registration. It is worth mentioning that all charges against Ripple executives have been dropped, which is undoubtedly a significant benefit for the company's management.

The market reacted enthusiastically to this news, with the price of XRP rising sharply in a short period, with a daily increase of over 13%, breaking the $3.3 barrier. This price trend fully reflects investors' optimistic attitude towards the future development prospects of XRP.

Although Ripple needs to bear certain legal responsibilities in institutional sales, this ruling undoubtedly provides important assurance for the compliance of XRP as a digital asset. This is not only a milestone in the development of XRP but also brings a positive impact on the regulatory environment of the entire digital asset industry.

With the resolution of the legal disputes, XRP is expected to leverage its technical advantages in broader application scenarios. However, Ripple still needs to handle its relationship with institutional investors cautiously to ensure that future business development remains compliant. The outcome of this lawsuit also provides valuable insights for other digital asset projects, emphasizing the importance of staying attuned to regulatory requirements while rapidly developing.

Looking to the future, while XRP's development path still faces challenges, its potential in the global payments and fintech sectors is expected to be further unleashed with the removal of legal obstacles. Participants in the digital asset industry will closely monitor XRP's subsequent developments, as well as the far-reaching impacts this ruling may have on the entire industry.