The U.S. Securities and Exchange Commission and Ripple Labs on 7 August filed a joint motion to dismiss all outstanding appeals in their long-running enforcement case over sales of Ripple’s XRP token, formally bringing the litigation to a close. The move leaves intact a previous court decision that found certain institutional sales of XRP violated U.S. securities laws, requiring Ripple to pay a US$125 million civil penalty, while ruling that secondary-market trading of the token did not constitute an unregistered securities offering. By withdrawing their challenges, both sides forgo any further review of those findings. The resolution ends one of the highest-profile clashes between U.S. regulators and a cryptocurrency issuer, a dispute that has shaped industry expectations about how digital assets may be classified under federal securities statutes. XRP climbed as much as 9 % to about US$3.25 after the filing, reflecting relief among investors that the regulatory cloud has lifted.