Legal analyst and defense attorney James K. Filan shared an important update regarding the long-standing case between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. In a post on X, Filan confirmed that the United States Court of Appeals for the Second Circuit has approved a joint stipulation of dismissal in the matter. The court issued its mandate on August 22, 2025, formally recognizing the stipulation filed by the parties to withdraw the appeal under Federal Rule of Appellate Procedure 42. The order, signed by Catherine O’Hagan Wolfe, Clerk of Court, states that the stipulation of dismissal is “So Ordered,” thereby concluding the appeal. The mandate was issued in cases docketed under numbers 24-2648 and 24-2705, covering the appeals brought forward by both the SEC and Ripple Labs. The document also lists Ripple executives Bradley Garlinghouse and Christian A. Larsen as defendants-appellees, with several intervenors including attorney John Deaton and others representing retail holders of XRP. #XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit has approved the Joint Stipulation of Dismissal. pic.twitter.com/v796dAtfiZ — James K. Filan (@FilanLaw) August 22, 2025 Conclusion of the Appeals Process The approval of the joint stipulation indicates that both sides have reached a final resolution in the appellate process, leaving no further action pending before the Second Circuit. The language of the order suggests that neither Judge Analisa Torres , who presided over the trial level of the case in the Southern District of New York, nor any other judicial authority needs to take additional steps at this stage. This development formally ends the appellate phase of a case that has been ongoing since December 2020, when the SEC first filed its lawsuit against Ripple Labs, alleging that the company’s sales of XRP constituted unregistered securities offerings. Over time, the case became one of the most closely followed legal battles in the digital asset sector, given its implications for regulatory clarity in the industry. Community Reaction Filan’s update was met with immediate reaction from members of the XRP community. One user, MrCrypto, expressed enthusiasm, writing , “Finally!!! XRP community now we take over the world…” Another community member, DigiX, raised a question about whether any further judicial action was required, asking , “Now…is it done for good? Or does our esteemed judge Torres need to do anything else?” We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 In response, another participant in the discussion clarified that the case is over and that Judge Torres has no remaining role, stating , “Torres is done. Case is over. Ripple has to pay the settlement. I bet that would happen tomorrow.” Finality of the Case With the issuance of the mandate by the Second Circuit, the legal proceedings between the SEC and Ripple Labs appear to be fully concluded. The court’s formal approval of the joint stipulation of dismissal marks the official end of the appeals, bringing closure to nearly five years of litigation. For the XRP community and the broader digital asset industry, this outcome represents a decisive moment. While details of any settlement arrangements remain to be fully addressed, the dismissal eliminates the uncertainty of ongoing appellate review. The case is now considered legally finished, as confirmed by the mandate issued on August 22, 2025. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) Case 100% Done: Second Circuit Approves Joint Stipulation of Dismissal appeared first on Times Tabloid .
