17723666131After more than four years of prolonged litigation, the U.S. Securities and Exchange Commission has decided to end the case against Ripple.

- As expected, the price of #XRP reacted immediately, rising from $2.3 to $2.6.

As expected, the price of XRP reacted immediately, rising from $2.3 to $2.6.

It seemed almost inevitable after a series of SEC cases in recent weeks. Let's remember that the U.S. securities regulator dropped cases against cryptocurrency companies like Coinbase, Kraken, Consensys, and many others.

However, the case seemed more complicated due to its long history and several court decisions over the years.

Nonetheless, the long-awaited decision has finally been made, as Ripple CEO Brad Garlinghouse announced on X a few minutes ago.

The CEO stated that his company never wanted this legal battle, but realized they had to do it for themselves and for the entire cryptocurrency market.

I can finally announce that this case is closed. It's over.

Garlinghouse recounted the four-year relationship between both companies, which has had many ups and downs.

However, Donald Trump's victory in the 2024 U.S. presidential elections brought about a much-needed change to the cryptocurrency industry.

He reviewed his approach during his second term and even promised to fire the former SEC chairman, Gary Gensler, on his first day in office. Subsequent changes in the agency's leadership have sparked speculation about the closure of the Ripple case.

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