RippleLabs CEO Brad Garlinghouse announced Friday that the company will drop its cross-appeal to the Securities and Exchange Commission (SEC), which is expected to withdraw its appeal, ending a years-long legal dispute between the two sides. The decision comes a day after Judge Analisa Torres in New York rejected the parties 'second $50 million settlement request. The judge refused to lift Ripple's permanent injunction, arguing there was no reason to lift the injunction requiring Ripple to "comply with the law." Abandoning the appeal means Ripple will accept the $125 million civil fine originally awarded and may retain a permanent injunction. In 2023, Judge Torres ruled that XRP sales to retail investors on the public exchange did not constitute securities transactions, but sales to institutional investors violated securities laws.