TL;DR
- The SEC drops its lawsuit against Ripple, ending a four-year-long legal battle and setting an important legal precedent regarding the classification of XRP.
- Brad Garlinghouse celebrates the resolution, emphasizing that XRP is not a security and that the decision could influence future cryptocurrency regulations in the U.S.
- XRP experiences a more than 13% increase following the announcement, solidifying Ripple’s position in the market.
The U.S. Securities and Exchange Commission (SEC) has decided to drop its lawsuit against Ripple (XRP), bringing an end to a lengthy legal process that lasted over four years.
This turn in the case has huge implications for the crypto industry, particularly regarding the classification of digital assets as securities. The lawsuit, which began in 2020, caused millions in losses for XRP investors and sparked a significant debate on cryptocurrency regulation in the United States.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
Ripple Makes History
Brad Garlinghouse, CEO of Ripple, celebrated the resolution, highlighting that the company always believed the case was without merit. In a video addressed to the public, Garlinghouse expressed his satisfaction with the closure of the legal process, asserting that the SEC had used incorrect arguments that aimed not to protect investors but to intimidate the entire crypto industry. The company’s victory underscores a key point: XRP is not a security, which has now been established as a legal precedent.
The resolution not only affects Ripple but also sets a framework that could influence future cryptocurrency regulations in the U.S. Garlinghouse pointed out that this decision marks the end of what he described as a “war against cryptocurrencies,” paving the way for a clearer regulatory future for the country. This outcome also demonstrates a shift in the SEC’s stance, under the leadership of Mark Uyeda, who has shown a more flexible attitude and reconsidered several cases related to digital assets.
XRP Explodes in the Market
The news of the lawsuit withdrawal was celebrated by many within the crypto industry. XRP experienced a more than 13% increase in value after the announcement, reaching a price of $2.54 per unit. For Ripple, this victory is not only a relief but also an opportunity to solidify its position as the third-largest cryptocurrency by market capitalization, advancing its goal of promoting a fair regulatory framework for the industry.
With this resolution, Ripple not only secures its own future but also leaves a mark on the crypto industry and on how U.S. authorities should approach the regulation of digital assets moving forward.
