XRP Surges 12% as US SEC Drops Lawsuit Against Ripple, CEO Downplays IPO Plans
- The SEC has officially dropped its appeal in the Ripple case, ending a nearly four-year legal battle that cost the company hundreds of millions in legal fees.
- The 2023 partial victory established that XRP isn’t a security when sold to retail investors on crypto exchanges, though institutional sales are still regarded differently.
- With the case effectively concluded, Ripple is still evaluating whether to drop its own cross appeal against remaining elements of the case.
Rejoice, XRP fan. It’s over.
Ripple CEO Brad Garlinghouse said the US Securities and Exchange Commission (SEC) has finally ended its lawsuit against the company.
The SEC has abandoned their appeal. That means we go from…
