The US Securities and Exchange Commission has dropped their lawsuit against Ripple. This was a momentous event that many in the industry had hoped to see this year. The CEO of the company, Brad GarlinghouseX, formerly Twitter, was used to announce that the appeal would be officially dropped by the agency.
Garlinghouse was called to the move “a resounding victory for Ripple, for crypto, every way you look at it.” The move is just one of many similar ones taken this year by the newly restructured agency. In 2025, the Trump administration will have a new cryptocurrency policy.
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.
Future is bright. Let’s build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
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SEC Drops Ripple Campaign Officially amid Crypto-Push
Donald Trump, the President of the United States for 2024 was elected in late 2024. The digital asset market was always going to be affected by this decision. The SEC began implementing these changes in early and late March. The SEC launched its own cryptocurrency task force and ended lawsuits filed against sites like Kraken Coinibase is a great way to find out about the latest news.
This shift has also been extended to one the highest-profile cases the SEC has taken on in recent years. In fact, the SEC dropped its appeal of the ongoing Ripple (XRP) Lawsuit Wednesday It is an important win for this company but a momentous one for the crypto industry.
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Ripple CEO Brad Garlinghouse called the lawsuit “a slap on the face”. Ripple’s Brad Garlinghouse, CEO of Ripple, called the lawsuit “doomed from the start” After the appeal was dropped, a written statement followed.
“In many ways, it was the first major shot fired in the war on crypto,” Garlinghouse is added. “I truly felt that I knew then that Ripple was not only on the right side of the law, but I felt that we were also going to be proven to be on the right side of history.”
Garlinghouse and company have been proved right by this landmark decision. The news is already boosting the XRP currency. According to a report, the token’s price has increased by more than 12 percent in the past 24 hours. CoinMarketCap.
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Source: watcher.guru
