Did The SEC Drop it’s Appeal Against Ripple?

There has been some confusion in the crypto world regarding the status of the U.S. Securities and Exchange Commission (SEC) appeal against Ripple in March 2025. Let’s clarify the situation.

In a video titled “Crypto in a Minute” from March, Ripple’s Chief Legal Officer, Stuart Alderoty, discussed the case. He expressed optimism, stating, “I feel good,” as he reflected on the years of legal battles summarized in 60 seconds.

Alderoty asserted that not only did the SEC drop its appeal against Ripple, but it also abandoned all enforcement actions against crypto companies in the U.S. He emphasized that the SEC finally acknowledged what Ripple and others had been contending for years – that laws cannot be enforced without clear definitions.

“We have lacked clear laws or regulations for crypto in this country,” Alderoty remarked. “Now, we are moving away from the courtroom battles and collaborating with Congress to establish intelligent rules that safeguard consumers and foster innovation.”

However, former SEC attorney James Farrell presented a contrasting viewpoint on social media. He pointed out, “The SEC still has not dropped its appeal. Both parties’ appeals are still ongoing (albeit stayed) today.”

To clarify, although the SEC’s appeal has been paused, it has not been formally retracted. Both Ripple and the SEC maintain active appeals in court.

The case is ongoing, but there is optimism that clearer regulations for crypto will be developed in the U.S. Ripple’s legal team is actively participating in these discussions to help shape equitable regulations for the industry.