The post SEC Officially Drops XRP Lawsuit, Ripple Celebrates Landmark Victory appeared on BitcoinEthereumNews.com.

Key Takeaways: The SEC just dropped its lawsuit against Ripple, bringing an end to a protracted court battle. The court decision means that XRP is not classified as a security under current laws. This ruling is expected to shape the future regulatory environment for cryptocurrencies in the United States. The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Ripple, the company behind the XRP cryptocurrency, in what is being hailed as a watershed moment for the cryptocurrency industry. Friday’s announcement by Ripple Chief Executive Brad Garlinghouse finally ends a legal battle that started back in 2020 and had serious ramifications for many, including XRP holders, and the wider digital asset market. XRP Goes Sky High After Ripple’s Legal Victory as Garlinghouse Declares “War on Crypto” Garlinghouse took to X to share the news, stating, “The case is over. It’s over.” He called the lawsuit ‘the first major shot fired in the war on crypto,’ a war that has already allegedly cost XRP holders $15 billion in losses. However, he noted that Ripple has won key legal victories, clarifying that the sale of XRP is not considered the sale of a security under current law. The news hit the market hard and fast. XRP was the major winner, rallying from $2.32 to $2.59 (approx 11.6%) in less than 30 minutes. The price saw some correction afterwards but the fact it spiked so high shows the excitement and optimism in the market. A notable increase in discussions and posts around Ripple was also noticed on X, indicating how much of a hot topic this has been. This reflects the intense scrutiny and regulatory uncertainty in the crypto industry over recent years. The SEC’s original lawsuit against Ripple was a bombshell for the market, leaving many to wonder about the…

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Filed under: News - @ March 20, 2025 8:29 pm