🚨important news🚨
The SEC has suspended the case of Ripple.
Ripple, the company behind the #XRP digital currency, announced an important victory as the US Securities and Exchange Commission (SEC) dropped a years-long case. This has become an important factor for the crypto world.
Ripple 1 CEO 2 Brad Garlinghouse said that XRP was able to prove that it is not a financial business, and that this decision will be an important guide in the future of digital currency regulation.
"We have been successful on important legal points, and this decision will be a cornerstone in issuing regulations that are consistent with financial law for many years,"
The SEC's suspension of the case ends a dispute that began in 2020. The SEC accused Ripple of selling #Xrp🔥🔥 as an unauthorized financial transaction. But Ripple has won significant victories in legal battles, and #XRP's market position has grown stronger.
"This is the moment we've been waiting for. The SEC will no longer appeal this case. This is a clear victory for Ripple and the crypto world," Garlinghouse said.
This decision has a big impact on the market. According to data from CoinmarketCap, the price of XRP rose 12.89% to $2.52 in 24 hours.
