Ripple drops appeal after paying $50M of $125M fine; SEC also withdraws appeal. XRP jumps 11%. Case marked a turning point for crypto regulation.

Ripple has dropped its cross-appeal after agreeing that the SEC will keep $50 million of the $125 million penalty, while $75 million will be returned. The SEC also withdrew its appeal, effectively closing the long-running XRP lawsuit.

Ripple pays $50 million and drops its appeal, while the SEC withdraws its appeal, ending the four-year legal battle. XRP price jumped 11% as investors view this as a regulatory turning point.

Ripple has withdrawn its cross-appeal after paying $50 million, while the SEC also agreed to drop its appeal, effectively ending the long-running XRP lawsuit. The development boosted XRP and may signal a broader shift in U.S. crypto regulation.

Ripple CTO David Schwartz announced stepping back from daily duties at year-end, becoming CTO Emeritus and joining the board. XRP rose 1.4% shortly after. Galaxy Digital's Novogratz expressed surprise at XRP's survival through the SEC lawsuit.

Ripple has dropped its cross-appeal after paying $50 million of a $125 million penalty, while the SEC agreed to withdraw its appeal, bringing the long-running XRP lawsuit close to its final conclusion. XRP rose about 11% on the news.

Ripple CTO David Schwartz will step back from daily duties at year-end after more than 13 years, while staying on as CTO Emeritus and joining the board. XRP rose about 1.4% after the announcement as markets weighed leadership continuity and future ecosystem development.

Ripple CTO David Schwartz said he will step back from day-to-day duties at year-end after more than 13 years, while remaining CTO Emeritus and joining the board. XRP rose about 1.4% after the announcement as markets viewed the transition as orderly.