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The four-year long lawsuit between Ripple and the SEC, which began under the Biden administration and was led by SEC Chair Gary Gensler, has finally concluded during the Trump administration. With Trump's immense support for the crypto sector, a number of cases against the SEC have been dismissed under the new SEC leadership.
Ripple (XRP) has jumped by 13% in the past 24 hours, with its sudden move to $2.54 coming as the SEC drops its appeal in its case against Ripple. The post Ripple (XRP) Skyrockets as SEC Drops Appeal | Brad Garlinghouse Declares Victory appeared first on Cryptonews.
Since the late afternoon yesterday, the price of XRP (XRP 12.27%) had zipped roughly 10% higher as of 10:16 a.m. ET. Ripple CEO Brad Garlinghouse announced in a video on X that the U.S. Securities and Exchange Commission (SEC) plans to drop its appeal in a long-standing lawsuit against Ripple, the company behind XRP.
XRP is trading at a crucial level, setting up for what could be a major breakout. The altcoin has been one of the top performers since November 2024, maintaining strength even as the broader market struggles with uncertainty.
XRP surges 14% as the SEC drops its appeal in the Ripple lawsuit, easing regulatory uncertainty and fueling bullish momentum for the cryptocurrency.
In cryptocurrencies, XRP stood out on Wednesday, rising 11% to a two-week high of $2.50, after the CEO Ripple Labs said the SEC was dropping its appeal into a long-running case against the company. Brad Garlinghouse said in a tweet on X that the US financial regulator "will drop its appeal" over the case against Ripple Labs.
The lawsuit of the US Securities and Exchange Commission against Ripple, Inc. is ended, announced the project's founder Brad Garlinghouse. XRP rallied above $2.55, with an expectation of returning to its all-time high.
XRP price is rising after Ripple CEO Brad Garlinghouse confirmed that the SEC will drop its appeal soon. Traders are optimistic that Ripple could hit $10 soon and easily outperform Bitcoin, Ethereum, and Solana.
XRP shoots up 12% while speculations regarding case closure paint a bright picture for believers in the OG chain's value.
XRP has formed support at $2.30 as investors have traded the asset actively in the last 24 hours. Unlike earlier in the month, XRP's bearish volatility appears to be thinning out, emphasizing recovery.
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XRP, the fourth largest cryptocurrency by market capitalization, surged almost 14% in an instant after the U.S. Securities and Exchange Commission (SEC) decided to drop its appeal in the ongoing lawsuit against Ripple. This unexpected development has ignited bullish momentum for the XRP price.
After more than three years of litigation, the United States Securities and Exchange Commission (SEC) will drop the case against Ripple Labs. According to Brad Garlinghouse, the CEO of Ripple Labs, the U.S. SEC will drop its appeal, which was filed to dispute the 2023 ruling by Judge Analisa Torres.
The U.S. Securities and Exchange Commission will drop its appeal against Ripple Labs, the crypto firm's CEO Brad Garlinghouse said in a post on social media platform X.
Ripple has secured a decisive victory in its long-running legal battle with the US Securities and Exchange Commission (SEC). On March 19, Ripple CEO Brad Garlinghouse confirmed that the regulator had dropped its appeal against the blockchain company, marking a significant win for Ripple and the broader crypto industry.
Ripple CEO Brad Garlinghouse confirmed that the U.S. Securities and Exchange Commission will not pursue further appeals in its long-running case against the company, marking the end of a four-year legal battle. What Happened: "The case is over," Garlinghouse announced, describing the outcome as a "victory" and labeling the SEC's lawsuit as a failed attempt to stifle the crypto industry.
TL;DR The legal battle between the SEC and Ripple has come to an end, marking a historic victory for the crypto industry and setting a key regulatory precedent in the U.S. XRP is not considered a security, reinforcing the legitimacy of digital assets and their trade without excessive regulatory restrictions.
In a significant development for the cryptocurrency industry, Ripple Labs CEO Brad Garlinghouse announced that the US Securities and Exchange Commission (SEC) has officially dropped its case against the blockchain payments company.
The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has finally come to an end. In a big move, the SEC has withdrawn its appeal, marking a major victory for Ripple and the broader cryptocurrency industry.
In 2020, the SEC accused Ripple of raising $1.3 billion through the sale of XRP, which it claims is an unregistered security.
The crypto markets remained flat on Tuesday, with the market cap registering a marginal increase and moving to $2.72 trillion. Prices have remained relatively muted as markets wait for the FOMC meeting and clarity on interest rate cuts.
Ripple CEO Brad Garlinghouse announced on March 19, 2025, that the U.S. Securities and Exchange Commission has officially dropped its high-profile lawsuit against the blockchain company over XRP sales.
XRP could be preparing for a major price increase after hitting its lowest point of $1.90 on March 11, according to crypto analyst Steph. The digital currency, which is now trading at $2.29 following a 2.5% drop today, shows technical signs that might signal the end of its recent price decline.
Ripple CEO Brad Garlinghouse has announced that the U.S. Securities and Exchange Commission is dropping its appeal in the long-running legal battle over XRP.
