SEC v. RIPPLE LABS INC, No. 1:20-cv-10832, Southern District of New York (Aug. 7, 2025)
raw: UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT
UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT, No. 1:20-cv-10832 (Aug. 7, 2025)
summary
The SEC, Ripple Labs, and executives Bradley Garlinghouse and Christian Larsen have jointly stipulated to dismiss their respective appeals in the Second Circuit.
paragraph
The Securities and Exchange Commission and Ripple Labs, Inc. have agreed to dismiss the SEC's appeal and Ripple's cross-appeal. The joint stipulation was filed in the U.S. Court of Appeals for the Second Circuit on August 7, 2025. Under the terms of the agreement, each party will bear its own legal costs and fees.
narrative
The Securities and Exchange Commission, Ripple Labs, Inc., and executives Bradley Garlinghouse and Christian Larsen have filed a joint stipulation of dismissal in the U.S. Court of Appeals for the Second Circuit. This agreement covers the dismissal of the Commission’s appeal (No. 24-2648) and Ripple’s cross-appeal (No. 24-2705). The litigation originated from a final order of the U.S. District Court for the Southern District of New York. By filing this stipulation, the parties have resolved the pending appellate proceedings. The document specifies that each party is responsible for bearing its own costs and legal fees. The filing was officially dated and submitted on August 7, 2025.
Classified non-corporate(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Parties
Securities and Exchange CommissionRipple Labs Inc.The Chamber of Digital CommerceCryptillian Payment Systems, LLCMitchell McKennaPhD Roslyn LaytonThird-Party CReaper Financial, LLCMya LaMonteCryptocurrency Exchange DeclarantPhillip GoldsteinThird-Party AInvestor AValhil Capital, LLCJames LaMonteMoneyGram International, Inc.Blockchain AssociationVeri DAOThird-Party BCrypto Council for InnovationJordan DeatonKristiana WarnerParadigm Operations LPTyler LaMonteInvestor Choice Advocates NetworkNon-Party DBradley GarlinghouseDebra L FeinSpendTheBits, Inc.New Sports Economy InstituteInvestment Banker DeclarantChristian A. LarsenChamber of Digital CommerceI-Remit, Inc.Coinbase, Inc.
Keywords
securities exchangeexchange commissioncommissionappeals circuitripple labsbradley garlinghousechristian larsenezekiel hillripplecounselgarlinghouse christiandktentry pagematthew solomonsecuritiesexchange
Extracted insights
Entities 5
- person bradley garlinghouse
- person ezekiel l. hill
- company ripple labs inc.
- company Ripple Labs Inc
- agency Securities and Exchange Commission
Triples 6
- Securities And Exchange Commission stipulate to dismissal appeal (No. 24-2648) and cross-appeal (No. 24-2705)
- Ripple Labs Inc. stipulate to dismissal appeal (No. 24-2648) and cross-appeal (No. 24-2705)
- Bradley Garlinghouse stipulate to dismissal appeal (No. 24-2648) and cross-appeal (No. 24-2705)
- Christian a. Larsen stipulate to dismissal appeal (No. 24-2648) and cross-appeal (No. 24-2705)
- Securities And Exchange Commission file with signatures authorized by Ripple Labs Inc., Bradley Garlinghouse, and Christian a. Larsen
- Ezekiel L. Hill certify service document filed on August 7, 2025, via ACM system
Text layers
Extracted body text (2,835c)
24-2648(L) 24-2705(XAP) UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT UNITED STATES SECURITIES & EXCHANGE COMMISSION, Plaintiff-Appellant-Cross-Appellee, v. RIPPLE LABS, INC., Defendant-Appellee-Cross-Appellant, BRADLEY GARLINGHOUSE, CHRISTIAN A. LARSEN, Defendants-Appellees, JORDAN DEATON, JAMES LAMONTE, MYA LAMONTE, TYLER LAMONTE, MITCHELL MCKENNA, KRISTIANA WARNER, PHD ROSLYN LAYTON, Intervenors. On Appeal from a Final Order of the U.S. District Court for the Southern District of New York, No. 20-cv -10832 (Torres, J.) JOINT STIPULATION OF DISMISSAL Pursuant to Federal Rule of Appellate Procedure 42(b)(1), the Securities and Exchange Commission (“Commission”), Appellant-Cross-Appellee, Ripple Labs, Inc. (“Ripple”), Appellee-Cross-Appellant, Bradley Garlinghouse, Appellee, and Christian A. Larsen, Appellee, jointly stipulate to the dismissal of the Commission’s appeal (No. 24-2648), and Ripple’s cross-appeal (No. 24-2705), with each party to bear its own costs and fees. Case: 24-2648, 08/07/2025, DktEntry: 64.1, Page 1 of 3 2 Date: August 7, 2025 Respectfully submitted, /s/ Michael K. Kellogg * Michael K. Kellogg KELLOGG, HANSEN, TODD, FIGEL, & FREDERICK PLLC Sumner Square 1615 M Street, NW, Suite 400 Washington, D.C. 20036 (202) 326-7900 [email protected] DEBEVOISE & PLIMPTON LLP 919 Third Avenue New York, NY 10022 (212) 909-6000 Counsel for Defendant-Appellee-Cross- Appellant Ripple Labs Inc. /s/ Matthew C. Solomon * Matthew C. Solomon CLEARY GOTTLIEB STEEN & HAMILTON LLP Matthew C. Solomon 2112 Pennsylvania Avenue, N.W. Washington, D.C. 20037 (202) 974-1680 [email protected] Jeffrey B. Finnell Acting General Counsel Tracey A. Hardin Solicitor David D. Lisitza Senior Appellate Counsel /s/ Ezekiel L. Hill Ezekiel L. Hill Appellate Counsel SECURITIES AND EXCHANGE COMMISSION 100 F Street, N.E. Washington, D.C. 20549 (202) 551-6000 [email protected] Counsel for Plaintiff-Appellant-Cross- Appellee Securities and Exchange Commission Counsel for Defendants-Appellees Bradley Garlinghouse and Christian Larsen * Defendant-Appellee-Cross-Appellant Ripple Labs Inc. and Defendants- Appellees Bradley Garlinghouse and Christian Larsen have authorized the Securities and Exchange Commission to file with their respective signatures. Case: 24-2648, 08/07/2025, DktEntry: 64.1, Page 2 of 3 CERTIFICATE OF SERVICE I hereby certify that on August 7, 2025, I electronically filed the foregoing document with the Clerk of the Court for the U.S. Court of Appeals for the Second Circuit through the Court’s ACMS system. All parties and counsel of record were served with copies of the foregoing document on the same date through the Court’s ACMS system. /s/ Ezekiel L. Hill Ezekiel L. Hill Dated: August 7, 2025 Case: 24-2648, 08/07/2025, DktEntry: 64.1, Page 3 of 3
OCR text (3,463c · tika · 95% conf)
24-2648(L) 24-2705(XAP) UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT UNITED STATES SECURITIES & EXCHANGE COMMISSION, Plaintiff-Appellant-Cross-Appellee, v. RIPPLE LABS, INC., Defendant-Appellee-Cross-Appellant, BRADLEY GARLINGHOUSE, CHRISTIAN A. LARSEN, Defendants-Appellees, JORDAN DEATON, JAMES LAMONTE, MYA LAMONTE, TYLER LAMONTE, MITCHELL MCKENNA, KRISTIANA WARNER, PHD ROSLYN LAYTON, Intervenors. On Appeal from a Final Order of the U.S. District Court for the Southern District of New York, No. 20-cv-10832 (Torres, J.) JOINT STIPULATION OF DISMISSAL Pursuant to Federal Rule of Appellate Procedure 42(b)(1), the Securities and Exchange Commission (“Commission”), Appellant-Cross-Appellee, Ripple Labs, Inc. (“Ripple”), Appellee-Cross-Appellant, Bradley Garlinghouse, Appellee, and Christian A. Larsen, Appellee, jointly stipulate to the dismissal of the Commission’s appeal (No. 24-2648), and Ripple’s cross-appeal (No. 24-2705), with each party to bear its own costs and fees. Case: 24-2648, 08/07/2025, DktEntry: 64.1, Page 1 of 3 2 Date: August 7, 2025 Respectfully submitted, /s/ Michael K. Kellogg* Michael K. Kellogg KELLOGG, HANSEN, TODD, FIGEL, & FREDERICK PLLC Sumner Square 1615 M Street, NW, Suite 400 Washington, D.C. 20036 (202) 326-7900 [email protected] DEBEVOISE & PLIMPTON LLP 919 Third Avenue New York, NY 10022 (212) 909-6000 Counsel for Defendant-Appellee-Cross- Appellant Ripple Labs Inc. /s/ Matthew C. Solomon* Matthew C. Solomon CLEARY GOTTLIEB STEEN & HAMILTON LLP Matthew C. Solomon 2112 Pennsylvania Avenue, N.W. Washington, D.C. 20037 (202) 974-1680 [email protected] Jeffrey B. Finnell Acting General Counsel Tracey A. Hardin Solicitor David D. Lisitza Senior Appellate Counsel /s/ Ezekiel L. Hill Ezekiel L. Hill Appellate Counsel SECURITIES AND EXCHANGE COMMISSION 100 F Street, N.E. Washington, D.C. 20549 (202) 551-6000 [email protected] Counsel for Plaintiff-Appellant-Cross- Appellee Securities and Exchange Commission Counsel for Defendants-Appellees Bradley Garlinghouse and Christian Larsen * Defendant-Appellee-Cross-Appellant Ripple Labs Inc. and Defendants- Appellees Bradley Garlinghouse and Christian Larsen have authorized the Securities and Exchange Commission to file with their respective signatures. Case: 24-2648, 08/07/2025, DktEntry: 64.1, Page 2 of 3 mailto:[email protected] mailto:[email protected] CERTIFICATE OF SERVICE I hereby certify that on August 7, 2025, I electronically filed the foregoing document with the Clerk of the Court for the U.S. Court of Appeals for the Second Circuit through the Court’s ACMS system. All parties and counsel of record were served with copies of the foregoing document on the same date through the Court’s ACMS system. /s/ Ezekiel L. Hill Ezekiel L. Hill Dated: August 7, 2025 Case: 24-2648, 08/07/2025, DktEntry: 64.1, Page 3 of 3 24-2705(XAP) UNITED STATES SECURITIES & EXCHANGE COMMISSION, RIPPLE LABS, INC., BRADLEY GARLINGHOUSE, CHRISTIAN A. LARSEN, JORDAN DEATON, JAMES LAMONTE, MYA LAMONTE, TYLER LAMONTE, MITCHELL MCKENNA, KRISTIANA WARNER, PHD ROSLYN LAYTON, JOINT STIPULATION OF DISMISSAL KELLOGG, HANSEN, TODD, FIGEL, & FREDERICK PLLC DEBEVOISE & PLIMPTON LLP CLEARY GOTTLIEB STEEN & HAMILTON LLP SECURITIES AND EXCHANGE COMMISSION