After both sides opted to withdraw their appeals, the long-standing dispute between Ripple and the SEC regarding XRP sales is nearing its end. The dismissal of the case, which began in 2020 when the SEC accused Ripple Labs of raising $1.2 billion through unregistered XRP sales, means Ripple will pay a $125 million fine instead of facing potential multibillion-dollar penalties. Importantly, courts have confirmed that XRP itself is not a security. However, restrictions remain on future institutional sales. Though this marks a decisive victory for Ripple, it’s worth noting the official case closure is still subject to court approval. Legal experts suggest that while procedural, this case will have major implications for U.S. crypto regulation and could set precedents for other similar cases going forward. It also opens the door for Ripple to operate with more predictable regulatory clarity in the U.S., despite ongoing debates about digital asset regulations.