The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their nearly five-year legal battle over the classification of Ripple's XRP cryptocurrency. Both parties jointly filed a dismissal of their appeals, effectively closing the case without a final court ruling. The resolution leaves intact a 2023 district court ruling by Judge Torres, which determined that XRP trades on public exchanges are not securities, providing regulatory clarity for XRP and the broader crypto industry. As part of the settlement, Ripple agreed to pay a $125 million fine for selling XRP as unregistered securities. The dismissal means each side will bear its own legal costs and fees. The conclusion of this high-profile lawsuit is seen as a pivotal moment for the cryptocurrency market, with XRP's price surging following the announcement. The case's closure also impacts ongoing discussions about secondary market rules and the future of XRP-related financial products.