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The SEC and Ripple jointly dismiss their appeals, ending long legal battle

The enduring legal dispute between the US Securities and Commissions Office and Ripple Labs has drawn to a close, which lifted the price of XRP on the news, though the token is trending down as of writing.

On Thursday, the SEC and Ripple Labs filed a joint stipulation to dismiss their appeals with the Second Circuit as both parties agreed to bear its own costs and fees. 

The outcome clears regulatory uncertainty that has weighed on the token’s prospects since 2020, when the SEC initially charged Ripple for offering unregistered securities to investors. 

XRP, the third-largest cryptocurrency, is seeing elevated trading volume. Yesterday, the token’s 24-hour trading volume stood at about $4.6 billion, but the figure has jumped to $11.6 billion as of 10:50 a.m. ET, data from CoinGecko shows. Traders on Korean-based exchange Upbit have generated $1.1 billion in 24-hour volume, making up nearly 10% of the total trading activity on the platform. 

The outcome clears regulatory uncertainty that has weighed on the token’s prospects since 2020, when the SEC initially charged Ripple for offering unregistered securities to investors. 

XRP, the third-largest cryptocurrency, is seeing elevated trading volume. Yesterday, the token’s 24-hour trading volume stood at about $4.6 billion, but the figure has jumped to $11.6 billion as of 10:50 a.m. ET, data from CoinGecko shows. Traders on Korean-based exchange Upbit have generated $1.1 billion in 24-hour volume, making up nearly 10% of the total trading activity on the platform. 

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platforms goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The tokens all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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