Ripple vs SEC: Case Closed!

Both Ripple and the SEC agreed to dismiss their appeals and cover their own legal costs.

Danielle du Toit
August 08, 2025

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Both Ripple Labs and the SEC filed to drop their legal appeals in their yearslong court battle.

The SEC and Ripple Labs jointly agreed to dismiss their appeals in the long-running legal battle over XRP.
The Second Circuit Appeals Court acknowledged the dismissal, and both parties agreed to cover their own legal costs.
Ripple’s Chief Legal Officer Stuart Alderoty confirmed the dismissal and declared the legal dispute officially over.

The Gemini co-founders reportedly invested in American Bitcoin, a mining company co-founded by Donald Trump Jr. and Eric Trump.

A Bloomberg report revealed that Cameron and Tyler Winklevoss invested in American Bitcoin, a mining firm that was co-founded by Donald Trump Jr. and Eric Trump.
The investment was confirmed by Hut 8 CEO Asher Genoot, though the exact amount was not disclosed.
The Winklevoss twins have a lot of political support for Donald Trump, including a $2 million campaign donation and participation in crypto-related events, like the signing of the GENIUS Act.

Bitcoin miner CleanSpark reported its best-ever quarterly results, with its highest-ever revenue that beat analyst expectations.

CleanSpark reported $198.6 million in Q3 revenue, which was a 91% year-over-year increase that beat analyst estimates of $195 million.
The company also posted a net income of $257.4 million and diluted EPS of 78 cents. This far exceeded expectations of 20 cents per share.
Additionally, it became the first publicly traded US mining firm to reach 50 EH/s exclusively with American infrastructure.

Client funds will be held in US Treasuries at BBVA and accepted by Binance as trading margin.

Binance partnered with Spain’s BBVA to offer off-exchange asset custody, allowing client funds to be held in US Treasuries while still usable as trading margin.
The move is expected to boost investor confidence, and is happening at a time of growing demand for independent custody after the FTX collapse.
BBVA’s involvement also forms part of the growing role of traditional banks in crypto as regulatory clarity improves in both the US and EU.

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