XRP News: SEC Drops Lawsuit Against Ripple, Marking a Major Victory for the Cryptocurrency

In a significant development for the cryptocurrency market, the US Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple (XRP). This move marks a major victory for Ripple and the broader crypto sector, as it removes a significant legal overhang that had been weighing on the digital asset.

SEC Drops Ripple $XRP Lawsuit

The US Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple (XRP). The company’s CEO, Brad Garlinghouse, announced the news on X (formerly Twitter) stating that the agency will officially drop its appeal. Garlinghouse called the move “a resounding victory for Ripple, for crypto.” The move comes as part of a string of similar actions taken by the revamped agency this year. The Trump administration has embraced a completely overhauled cryptocurrency policy in 2025.

SEC Drops the XRP Lawsuit Against Ripple

In a landmark decision, the SEC has officially dropped its appeal and lawsuit against Ripple Labs, as announced by Ripple CEO Brad Garlinghouse. The SEC originally filed the lawsuit in December 2020, accusing Ripple of conducting an unregistered securities offering worth $1.3 billion through XRP sales. However, in July 2023, U.S. District Judge Analisa Torres ruled that XRP’s programmatic sales to retail investors did not constitute securities transactions, dealing a major blow to the SEC’s case. While the ruling upheld that institutional sales of XRP violated securities laws, the agency had been pursuing further legal action against Ripple. With the SEC’s decision to withdraw its appeal and drop the lawsuit, Ripple has secured a significant regulatory victory.

BREAKING: Historic Win For Ripple, SEC Drops Case

In a significant development for the cryptocurrency industry, Ripple Labs CEO Brad Garlinghouse announced that the US Securities and Exchange Commission (SEC) has officially dropped its case against the blockchain payments company. In a four-minute video shared on social media, Garlinghouse declared, “I’m finally able to announce, this case has ended, it’s over.” He emphasized that the SEC’s case, initiated under the leadership of former Chair Gary Gensler, was destined for failure from the start. Garlinghouse characterized this moment as a significant victory, describing it as a “long overdue surrender” by the SEC.

SEC Officially Drops XRP Case, Ripple CEO Celebrates

Ripple’s CEO, Brad Garlinghouse, has announced that the U.S. Securities and Exchange Commission (SEC) is dropping its appeal in a long-standing legal battle against Ripple. This is a significant victory for Ripple and the broader cryptocurrency industry. The announcement described the decision as a victory for not just Ripple but for the overall crypto industry, signaling Optimism for the future of XRP and digital assets.