Ripple Ends SEC Legal Battle and Changes Market Reporting Strategy

Ripple ends SEC lawsuit and confirms settlement in Q1 2025 markets report.Company replaces quarterly XRP reports with real-time updates via official channels.Ripple acquires Hidden Road for $1.25B to expand XRPL and support RLUSD growth.Ripple has officially ended its multi-year legal dispute with the U.S. Securities and Exchange Commission (SEC), according to the company’s Q1 2025 markets report released today. The report confirms a final settlement was reached in the first quarter, bringing an end to litigation that began in December 2020 over whether XRP should be classified as a security under U.S. law.From Ripple’s Q1 2025 quarterly market report released today makes interesting references to the lawsuit. I think this is the first explicit public reference by Ripple that the SEC agreed to request that the Court vacate the permanent injunction./1 pic.twitter.com/uzGqTz3hT4— bill morgan (@Belisarius2020) May 6, 2025As part of the resolution, Ripple disclosed that the SEC agreed to a request asking the Court to vacate a permanent injunction, marking what appears to be Ripple’s first public acknowledgment of this specific legal development. The outcome effectively concludes one of the most closely watched regulatory cases in the digital asset sector. It removes a legal obstacle that had previously influenced policy discussions around digital asset classification.Quarterly Report Discontinued in Favor of Real-Time UpdatesWith the legal proceedings now resolved, Ripple announced a structural change to how it communicates market information. The company will no longer issue a consolidated quarterly XRP Markets Report. Instead, Ripple will share updates on its activities and XRP-related developments directly through its official website, social media channels, and blog posts.Ripple CEO Brad Garlinghouse confirmed the decision on X, citing the SEC’s use of Ripple’s prior reports during litigation. According to the company, certain transparency disclosures made since 2017 were referenced in SEC filings. These were used to support arguments around whether XRP met the decentralization standards applied to other digital assets.Ripple to Continue Publishing XRP HoldingsDespite the shift away from quarterly reports, Ripple stated it will continue to disclose its XRP holdings. This information will be made available on the company’s website, maintaining its commitment to transparency. The primary change is the delivery method, focusing on timely, real-time communication rather than structured quarterly summaries.This new communication approach is expected to begin in Q2 2025, with regular updates reflecting Ripple’s evolving operations and XRP-related metrics.Ripple also bought Hidden Road in the same quarter for $1.25 billion. The buy also expands Ripple’s institutional offerings of access and infrastructure around the XRP Ledger (XRPL). On top of that, it assists the company in its stablecoin crusade, being RLUSD, a digital asset tied to the U.S. dollar, which can be used within Ripple’s ecosystem.The Ripple asset hunger deal is part of a wider push to scale Ripple’s asset hunger financial products and connectivity over institutional platforms. According to Ripple, the acquisition is one of its initiatives to grow and support the XRPL and related services.