With all appeals dropped and penalties locked, Ripple turns the page on one of crypto’s most dramatic court showdowns.

Ripple and the SEC have officially ended their legal battle, locking in a $125 million penalty and banning certain institutional XRP sales. XRP price rallied on the news, driven by legal certainty.

After years of courtroom drama, Ripple [XRP] and the SEC have finally called it quits.

Both sides have dropped their remaining appeals, locking in a $125 million penalty and a ban on certain institutional sales.

This joint dismissal marks the definitive end of Ripple Labs’ high-profile clash with the U.S. SEC.

In filings with the Second Circuit Court of Appeals, both the SEC and Ripple agreed to withdraw their respective appeals, with each side covering its own legal expenses.