Uphold: XRP Case Closed, Market Momentum Boosts Digital Asset

Crypto exchange Uphold has released its latest weekly report on XRP, highlighting the significant legal developments surrounding the asset. After nearly five years of litigation, Ripple and the U.S. Securities and Exchange Commission (SEC) have both withdrawn their appeals, officially ending the long-standing lawsuit. This landmark decision leaves in place the 2023 federal court ruling that determined XRP sales on secondary markets do not constitute securities transactions. The report notes this as a crucial moment for XRP, potentially paving the way for broader regulatory clarity within the digital asset sector. This case closure is seen by Uphold as removing a major obstacle that has hampered institutional involvement and certain product integrations over recent years.