Ripple Versus SEC Lawsuit Now Officially Over

Ripple Labs Inc. has won a major victory in its long legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has decided to drop its appeal against XRP, which started in 2020. In a recent X post, Ripple’s CEO, Brad Garlinghouse, shared the news. 

He called the lawsuit a failed attempt to control the crypto industry through enforcement. With the case ending, this decision could influence future crypto rules in the U.S.

A Failed Attempt to Regulate Crypto Through Lawsuits

In 2020, the SEC accused Ripple of selling XRP without proper registration, claiming it was a security. A court ruled that digital assets were not secure when traded on crypto exchanges. However, it was revealed that Ripple violated securities laws when selling to institutional investors. 

In January, the SEC considered appealing but has now chosen to walk away from the case. In his X post, Garlinghouse called the lawsuit a failed attempt by the SEC to control crypto through legal action. He also blamed the agency for harming its investors, as the lawsuit caused XRP’s value to drop by $15 billion when it was first announced. Notably, the SEC is yet to confirm the news. 

Under the Joe Biden administration, the SEC took many crypto companies to court instead of setting clear rules. Many industry leaders criticized this approach, arguing that it creates uncertainty and slows innovation. The Ripple lawsuit was among the most significant because it questioned whether digital assets should be treated as securities under U.S. law. 

The court ruled in Ripple’s favor, which could make it harder for the SEC to bring similar cases in the future.

SEC Dropped Crypto Lawsuits Against Other Crypto Firms 

Ripple’s case is not the only one where the SEC has backed down. In recent months, the regulator has dropped lawsuits against other crypto firms, signaling a possible shift in strategy. This comes as President Donald Trump has voiced support for the crypto industry.

The SEC has recently dropped lawsuits against several crypto firms, including Consensys, Coinbase, OpenSea, and ended its investigation into Robinhood’s crypto operations. These moves suggest a shift in the SEC’s approach, possibly toward clearer regulations instead of lawsuits.

XRP Saw Major Boost 

Following the news, XRP surged in price and is currently trading at $2.56, up by 13.77% in the last 24 hours, according to CoinMarketCap data. Some experts believe XRP could rise to $5 to $7 in 2025, while others believe it could go even higher, around $7.47. 

However, some are not so sure, saying XRP might not exceed $3, while others expect it to drop to $1.