๐ด EXCLUSIVE: Ripple takes an unexpected turn in its legal battle against the SEC โ Is this the end of the war? XRP skyrockets in key hours
Shocking movement in the Ripple vs. SEC case! Ripple's CEO, Brad Garlinghouse, has just announced a radical change in the company's legal strategy, causing an immediate surge in XRP and leaving the market in suspense: Is a definitive resolution near?
In a post on X (formerly Twitter), Garlinghouse revealed that Ripple is withdrawing its cross-appeal against the SEC, suggesting that the company seeks to "close this chapter once and for all." But the most intriguing part is his statement: "We hope the SEC does the same."
What does this mean?
The announcement comes after years of a fierce legal battle, which began in December 2020, when the SEC accused Ripple of selling XRP as an unregistered security. Now, the surprising withdrawal of the appeal could indicate behind-the-scenes negotiations or even an imminent agreement.
The market reacts strongly
Minutes after the announcement, XRP surged by 3.36%, reaching $2.18, according to CoinMarketCap. Investors, who have been waiting for a resolution for months, interpret the movement as a sign that **the end of the litigation could be near.**
The big question: What will the SEC do?
Although Garlinghouse claims that the regulator had already announced its intention to withdraw its appeal, the SEC has not confirmed anything officially. If the Commission follows the same path, the case could be closed without further appeals, paving the way for a new era for Ripple and XRP.
๐ฎ Are we facing the definitive outcome? The crypto world eagerly awaits the SEC's next move. Stay tuned: this is just the beginning.
๐ *Latest update: XRP is trading at $2.18, with rising trading volume. Will the rally continue?
