In a major win for the cryptocurrency industry, Ripple CEO Brad Garlinghouse announced on X that the United States Securities and Exchange Commission (SEC) has officially withdrawn its appeal against Ripple Labs. Garlinghouse’s statement, “This is 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,” underscores the significance of this legal milestone. This decision brings an end to a four-year-long legal battle, clarifying XRP’s regulatory status and setting an important precedent for the broader crypto market.
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.
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
Background of the Legal Dispute
The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company had conducted unregistered securities offerings through the sale of XRP tokens. This legal battle raised fundamental questions about how cryptocurrencies should be classified under U.S. securities laws. Ripple consistently maintained that XRP was not a security but rather a utility token with decentralized applications.
Community Reactions
The announcement was met with widespread excitement within the cryptocurrency community. Prominent X user Phoenix – $PHNIX reacted, saying, “After four years of relentless battle, $XRP has finally emerged victorious! Today marks the beginning of infinity.” This sentiment reflects the optimism surrounding XRP’s future growth and adoption.
Implications for Ripple and XRP
The SEC’s withdrawal of its appeal has far-reaching implications for Ripple and the XRP ecosystem:
- Regulatory Clarity: The conclusion of this lawsuit removes uncertainty around XRP’s legal status, which could encourage further adoption by financial institutions and payment networks.
- Market Response: Following the announcement, XRP experienced a sharp price increase. According to CoinDesk, the cryptocurrency surged by 10%, reaching $2.51, signaling renewed investor confidence.
- Industry Precedent: This decision may shape future SEC policies and judicial rulings on other cryptocurrencies, influencing how digital assets are classified and regulated in the U.S.
Also Read: XRP Surges 11% as SEC Drops Appeal – Is Ripple’s Bull Run Just Beginning?
The SEC’s decision to drop its appeal against Ripple marks a pivotal moment for the crypto industry. It not only cements XRP’s position in the market but also sets a precedent for regulatory clarity in the sector. As Ripple moves forward, this legal victory could pave the way for increased adoption and innovation within the crypto space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
