Ripple Celebrates A Decisive Legal Victory Over The SEC

Brad Garlinghouse has just confirmed it! The Ripple-SEC case is finally unraveling after many years of turmoil. The big winner? Ripple and its token XRP. This news could shake up the regulation of digital assets. But that’s not all! It also paves the way for new crypto investment opportunities. More details in the following paragraphs!

The US crypto regulator ends 4 years of legal battle

It has been a few days since the rumor was circulating about a potential resolution of. And today, it is confirmed: the SEC officially drops its lawsuit against Ripple. This puts an end to a battle that has lasted since 2020. Since 2013, the SEC has accused Ripple of raising $1.3 billion through an unregistered sale of XRP tokens.

This decision marks a major turning point in. It indeed confirms that XRP cannot be considered a financial security under the Howey test. But that’s not all! The dropping of the charges also opens up new perspectives. This refers to major asset managers who are now considering the approval of an XRP ETF with the filing of form 19b-4.

This positive signal could even accelerate, offering an alternative to the recently validated Bitcoin ETFs.

The XRP is booming: an opportunity for crypto investors?

After Brad Garlinghouse’s announcement, the price of XRP jumped by 12%, reaching $2.4 after dipping to $1.7 in February. This rebound shows a renewed confidence from crypto investors, as new horizons open up for institutional adoption of XRP.

This victory could also redefine thein the face of regulators. It would encourage other crypto companies to push back against the restrictions imposed by the SEC. A new era for decentralized finance?

This potential victory of Ripple against the SEC redefines the future of XRP and crypto regulation. It remains to be seen whether other crypto-assets will benefit from similar easing!

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