News View Non-AMP

Big Breaking: SEC Drops XRP Case, Ripple CEO Confirms

Published by
Anjali Belgaumkar

After more than four years of legal battles, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple Labs (pending vote of the commission). The case, which was filed in December 2020, accused Ripple of conducting an unregistered securities offering by selling XRP.

Ripple’s CEO, brad garlinghouse expressed relief and pride as he reflected on the outcome. “It’s over,” Garlinghouse said, explaining how the case marked a pivotal moment in the ongoing struggle for clarity in the cryptocurrency industry. “Looking back on four years ago, it’s clear to me that this case was flawed from the start. It was the first major shot fired in the war against crypto.”

Garlinghouse went on to explain that, while Ripple faced huge challenges, the company always believed it was on the right side of history. “I knew we weren’t on the wrong side of the law, and I believed we’d ultimately be proven right. Today’s outcome is a victory for innovation and a long-overdue surrender by the SEC under Chairman Gary Gensler.”

This decision is seen as a major win for the cryptocurrency industry, as it represents the first successful fight against the SEC’s broad interpretation of securities laws applied to digital assets. Garlinghouse credited Ripple’s resources, determination, and grit for pushing back against regulatory agencies.

For many in the crypto community, the SEC’s action was seen as an effort to intimidate the industry, using arguments that they claimed were meant to protect investors but ultimately did more harm than good. As the crypto industry continues to grow, Ripple’s victory signals a turning point in regulatory efforts, reinforcing the need for clearer guidelines that support innovation without stifling progress.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

March 29, 2025

XRP Price Hits $21K on Live TV: A Price Glitch Goes Viral

A live TV glitch on the “American Sunrise Early Edition” show caused XRP’s price to…

March 29, 2025

Pi Network Price Drops: Will a Pi Coin Burn Reverse the Trend?

Pi Network's price has been falling, largely due to upcoming token unlocks. Over 1.6 billion…

March 29, 2025

Ethereum Price Drops 20% as Market Experts Warn of $1000 Risk!

Ethereum has taken a sharp hit over the past month, losing nearly 20.4% of its…

March 29, 2025

From Pennies to Over a Dollar, Why This $0.025 DeFi Token Has Traders Targeting a 58x Return

In crypto, timing matters just as much as the asset. Many traders are now looking…

March 29, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

March 29, 2025