XRP Triumph: Ripple Ends SEC Legal Battle

XRP has taken a major leap forward as Ripple officially ends its long-standing legal conflict with the U.S. Securities and Exchange Commission (SEC). This marks a pivotal moment for the company as it seeks to redirect its focus back to innovation and global digital payment solutions.

The announcement came directly from Ripple CEO Brad Garlinghouse, who confirmed over the weekend that the firm is dropping its cross-appeal in the legal dispute with the SEC. “We’re closing this chapter once and for all,” Garlinghouse posted on his X account, highlighting Ripple’s intention to prioritize the development of the Internet of Value. The SEC is also expected to walk back its appeal, initially filed under previous leadership.

Ripple’s decision follows a key ruling by Judge Analisa Torres, who recently rejected a joint motion from Ripple and the SEC to revise the final judgment issued in August 2024. The judge stated that the parties had not met the standards required to merit modifications to the existing verdict. This effectively maintains the court’s prior stance and discourages any further legal actions surrounding the case.

At the time of the announcement, XRP was being traded at $2.18, reflecting a marginal dip of 0.26% over the preceding day, according to CoinMarketCap.

Robert Kiyosaki Predicts New Asset Boom

Meanwhile, influential author and investor Robert Kiyosaki, best known for Rich Dad Poor Dad, stirred interest among market watchers with his comments about a top-performing investment for July. In a recent post on X, Kiyosaki shared what he described as a “Rich lesson,” pointing out that true profits lie not in selling, but in wise purchasing decisions.

Surprisingly, Kiyosaki did not recommend Bitcoin this time. Instead, he highlighted silver as his top “asymmetric buy” at the moment. Citing its affordability and low downside risk, he firmly believes that silver could experience explosive growth in July. “Everyone can afford silver today,” Kiyosaki emphasized, but he warned that could soon change.

Strategy Executive Offloads Millions in MSTR Shares

Also making headlines, Strategy CEO Phong Le was recorded making significant insider sales of MSTR shares according to filings with the SEC. Over the past three months, Le has been steady in liquidating portions of his holdings, most recently parting with 8,400 shares on June 18. He continues to possess over 16,000 Class A shares, in addition to other preferred stock categories under labels “Strife” and “Stride.”

These insider sales total approximately $13.6 million in the past month, including a major transaction by Director Carl Rickertsen, who sold over 26,000 shares worth more than $9.8 million. Despite these large sell-offs, some analysts consider this activity to be normal executive cash-out behavior, rather than a signal of worry. On a positive note, MSTR’s stock has climbed 27% since the start of the year, showing stronger performance than many benchmarks in the broader investment landscape.

All eyes are now on Ripple and XRP as the crypto community assesses the ramifications of the lawsuit closure. Eliminating legal uncertainty could propel investor confidence and open the door for expanded institutional participation, especially as Ripple expedites its international growth strategy and reshapes the future of blockchain-based finance.

With the legal burden lifted, Ripple has the opportunity to strengthen its position in cross-border settlements and potentially accelerate partnerships worldwide. XRP’s market role, particularly in enabling low-cost, real-time financial transfers, is likely to gain traction as legal clarity boosts market trust.

Looking ahead, the crypto space remains alert to any upcoming developments from Ripple’s corporate strategies, possible IPO ambitions, and evolving regulatory frameworks.

Related: Expert Advice: Sell XRP If You’re Confused

Related developments:

• Ripple CEO confirms end of cross-appeal
• Ripple vs SEC legal closure report
• Kiyosaki shifts focus to silver
• Robert Kiyosaki’s post on X
• Phong Le’s MSTR share activity filing
• Strategy CEO’s share sale highlights