Select what genuinely interests you. Your picks feed directly into our editorial planning. The SEC v. Ripple lawsuit has been over since August 2025. The US Securities and Exchange Commission and Ripple Labs withdrew their appeals against each other, leaving the ruling of New York district judge Analisa Torres in force. Under that ruling, XRP is not in itself a security. Sales on crypto exchanges to anonymous buyers did not fall under securities law, whereas direct sales to institutional investors did. Ripple pays a civil penalty of around $125 million for this and remains bound by a court injunction.