SEC Ends Four-Year Legal Battle with Ripple by Dropping Appeal

The decision marks a pivotal moment in crypto regulation as XRP's price surges 14% following the announcement.

The SEC has officially dropped its appeal in the lawsuit against Ripple, concluding a four-year legal dispute over XRP's classification as a security.
Ripple CEO Brad Garlinghouse announced the development at the Digital Assets Summit, highlighting the challenges of the prolonged legal battle.
A 2023 court ruling determined XRP was not a security when sold to retail investors but was an unregistered security in institutional sales.
Under the new administration, the SEC has scaled back enforcement actions and formed a crypto task force to redefine digital asset regulations.
XRP's price surged by approximately 14% following the announcement, reflecting market optimism over the case's resolution.