SEC Drops Lawsuit Against Ripple After Four-Year Legal Battle, XRP Price Surges

May 3, 2025, 10:25 a.m. 8 sources positive
The U.S. Securities and Exchange Commission (SEC) has officially dropped its four-year-long lawsuit against Ripple, the company behind XRP. Ripple CEO Brad Garlinghouse announced the end of the legal proceedings on March 19, 2025. The lawsuit, filed in December 2020, alleged that Ripple's sale of XRP amounted to an unregistered securities offering. The SEC's decision follows a pivotal legal ruling in July 2023 and marks a significant moment for the crypto sector, as it suggests XRP is not considered a security. Following the announcement, XRP’s market value jumped by 30%. Experts believe this settlement not only benefits Ripple but also sets a legal precedent that could shape the regulatory landscape for all digital assets in the U.S. Going forward, the decision could influence how digital tokens are classified and may embolden other projects previously wary of regulatory repercussions.
Sources
SEC Drops XRP Case After Four-Year Battle
bitcoininfonews.com 03.05.2025 04:54
Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.