SEC Drops Ripple Appeal, Ending Four-Year Legal Battle Over XRP

Ripple CEO Brad Garlinghouse announces the SEC's decision to withdraw its appeal, marking a significant milestone for crypto regulation and the XRP market.

The SEC has decided to drop its appeal in the Ripple case, effectively ending a four-year legal battle over whether XRP constitutes a security.
Ripple CEO Brad Garlinghouse celebrated the decision as a 'resounding victory' for both the company and the broader cryptocurrency industry.
The SEC has not yet officially confirmed the withdrawal, as it requires a Commission vote and approval, which could take several weeks to finalize.
XRP's price surged over 13%, reaching $2.54, reflecting renewed investor confidence and potential regulatory clarity for the crypto industry.
The case's resolution is seen as a turning point for U.S. crypto regulation, with implications for XRP's market potential, including a possible ETF approval.