SEC Drops Appeal in Ripple Case, Ending Four-Year Legal Battle

Ripple CEO Brad Garlinghouse calls the decision a major victory for the cryptocurrency industry as XRP surges 13%.

The SEC has decided to drop its appeal in the Ripple lawsuit, concluding a four-year legal dispute over XRP's classification.
Ripple CEO Brad Garlinghouse hailed the move as a 'resounding victory' for the company and the broader crypto industry.
XRP's price surged over 13% to $2.54 following the announcement, reflecting renewed investor confidence.
The decision signals a broader regulatory shift under the Trump administration, with the SEC retreating from aggressive crypto enforcement actions.
The case's resolution is expected to increase the likelihood of an XRP exchange-traded fund (ETF) approval, though this remains speculative at this stage.