Ripple CEO Brad Garlinghouse just dropped a bombshell: the years-long legal battle with the SEC is officially over. With both sides withdrawing their appeals, XRP surged over 3% as the crypto community celebrated what Garlinghouse called a “long overdue surrender” from the SEC.
📌 What Just Happened?
Ripple drops its cross-appeal, and the SEC is expected to do the same.
The case, which began in 2020 over XRP’s classification as a security, is now closed.
XRP jumped to $2.18, gaining over 3.3% in hours.
Ripple will pay $50M of the original $125M fine, with the rest returned from escrow.
🔍 Why It Matters
This isn’t just a win for Ripple—it’s a precedent-setting moment for the entire crypto industry. The court had already ruled that XRP’s programmatic sales to retail investors were not securities, and now with the case closed, Ripple can focus on building the “Internet of Value.”
💡 Insights for Investors
Regulatory clarity boosts investor confidence.
XRP’s legal status as “not a security” (for retail sales) is now effectively settled.
Ripple can now expand partnerships without legal overhang.
Expect increased institutional interest in XRP and RippleNet.
📣 Poll: What’s Your Next Move with XRP?
🟢 I’m buying more—bullish on the breakout.
🟡 Holding steady—watching the charts
🔴 Selling the news—taking profits
🔵 Still not convinced—staying out
Vote now, and let’s see where the community stands!