(The Center Square) – The U.S. Securities and Exchange Commission under the Trump administration is dropping its appeal in its lawsuit against Ripple, a blockchain-based digital payment company, Ripple CEO Brad Garlinghouse said Wednesday.
The announcement sent the value of Ripple’s cryptocurrency, XRP, surging about 11% for the day. XRP is the third-largest cryptocurrency by market value, behind only Bitcoin and Ether.
“As many of you know, just over four years ago, the United States SEC filed its lawsuit against Ripple. I’m finally able to announce that this case has ended. It’s over,” Ripple CEO Brad…
