SEC, Ripple Lawsuit to End After Joint Agreement to Drop Appeals (CoinTelegraph)

The U.S. Court of Appeals for the Second Circuit recognized a joint dismissal of the Securities and Exchange Commission’s (SEC’s) appeal and Ripple’s cross-appeal in the lawsuit over XRP. This has been going on since late 2020, when the SEC sued Ripple in a federal court, accusing it of selling the token XRP as an unregistered security. A federal judge delivered a mixed ruling in July 2023, finding some tokens could be considered securities, and ordered Ripple to pay $125 million in fines to the SEC, far lower than the agency’s $2 billion request. The fine and ruling triggered the regulator to appeal, which Ripple then cross-appealed. The earlier this year (2025) the two came to a settlement and filed a request to dissolve the injunction and lower the $125 million fine against Ripple. [Read more at The Court Listener]

National Bank of Ukraine to Test e-hryvnia Digital Currency (RBC-Ukraine)

National Bank of Ukraine (NBU) Chairman Andriy Pyshny revealed the central bank’s preparations for an e-hryvnia central bank digital currency (CBDC) pilot. The NBU already has an understanding of the potential architecture model and is currently completing the search for a technological partner. This is at least the third time that the NBU has considered issuing a CBDC, starting in 2019 with a proof-of concept (POC) and then restarting its e-hryvnia research in 2022, so maybe the third time is the charm!? [Read more at RBC-Ukraine]

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The CB+DC Conference (Nassau, Bahamas, September 9-11) is a premier gathering centered on CBDCs, tokenized assets, and stablecoins. It provides a forum for central bankers, commercial bankers, technology innovators, policymakers, and academics to explore the latest advancements in digital currency, engage with experts and peers, and discuss the future of digital currency. [Register here but before you do, email me at john@kiffmeister.com for a 15% discount]

I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.