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- Ripple ends its five-year SEC battle with a $125M settlement.
- With legal clarity, Ripple can now challenge SWIFT’s $155T cross-border payments market using its XRP Ledger system.
Ripple has officially ended its long-running legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC battle, which began five years ago, has long hindered Ripple’s progress. Now that it’s behind them, Ripple can focus on capturing the massive cross-border market with its blockchain technology.
Ripple is known for fast and secure cross-border transactions. Right now has the chance and capability to dominate the $155 trillion SWIFT annual cross-border payments market.
Related: Ripple’s XRP Could Take 14% of SWIFT’s Cross-Border Volume by 2030, Ripple CEO Says
In a joint filing with the Second Circuit Court of Appeals, both Ripple and the SEC withdrew their remaining appeals, locking in a $125 million penalty and an injunction on certain institutional XRP sales. This final resolution closes the book on Judge Analisa Torres’ 2023 ruling, which determined that XRP’s open-market sales were not securities, but institutional sales required registration.
With the case closed, XRP rallied from resistance levels around $3 to settle near $3.30. Analysts suggest bullish technical signals could hold if prices remain above the $3.30 support zone. At the time of press, Ripple is up 13% in the last week.
Ripple’s Strategy in Global Banking
Ripple has been pushing into global banking. The company is pursuing a U.S. banking license, which would integrate its services further into regulated financial channels. This, of course, has not been received very well by the competitors, and as we reported, several major banks in the US have tried to block Ripple’s progress.
A Ripple-backed report reveals that since 2020, banks worldwide have invested over $100 billion in blockchain infrastructure, with 345 financial institutions, including HSBC, Goldman Sachs, and SBI Holdings, adopting blockchain technology.
👍 According to a Ripple-backed report, traditional banks poured over $100B into blockchain tech between 2020 and 2024
😊 And 90% of finance execs expect it to have a major impact by 2028 pic.twitter.com/z1kpusdpV7
— Telbloggram (@Telbloggram) August 5, 2025
These banks are not experimenting on the fringes. HSBC is digitizing gold trading, and SBI is developing a quantum-resistant digital currency.
As Ripple waits for approval and a license to run as a bank in the US, the company successfully launched its own stablecoin RLUSD late last year.
Ripple’s XRP Ledger (XRPL) is also seen as a leading platform for replacing or complementing SWIFT’s decades-old system. Its speed, compliance features, and scalability make it well-suited to meet rising demand for real-time settlements and programmable money.
Why Ripple Could Dominate the $155 Trillion SWIFT Market
Ripple has been ranked as one of the top 25 most valuable tech firms according to a report by Visual Capitalist Ranking at 23rd. This strengthens its credibility to capture market share. Already, it’s the dominant cross-border blockchain.
SWIFT currently processes $155 trillion in cross-border payments annually. However, cost, speed, and transparency have been major concerns that create the need for a blockchain alternative.
Over 90% of financial industry leaders now view blockchain and digital assets as critical to future infrastructure, according to CB Insights.
