🔥The CEO of #الريبل stated that the US Securities and Exchange Commission (SEC) is ending its lawsuit against Ripple.

🔥 The SEC has ended its lawsuit against Ripple after more than four years of legal disputes, resulting in an estimated $15 billion in losses for XRP holders, according to CEO Brad Garlinghouse in a statement on the X platform today, March 19.

🔥 Garlinghouse expressed relief at the conclusion of the case, stressing that the lawsuit was doomed from the start.

🔥 The announcement came after reports that the SEC discussed classifying XRP as a commodity as part of a potential settlement, citing its operational characteristics and comparing it to Ethereum, which is treated as a commodity.

🔥 Despite the significant losses incurred by Ripple holders, Garlinghouse noted that Ripple has achieved decisive legal victories that prove XRP is not a security, asserting that this classification is now part of the law.

🔥 Mary Jo White, the former chair of the SEC, criticized the decision to file the lawsuit, considering it a grave mistake.

🔥 The SEC, led by Gary Gensler, has also been criticized in court for disclosure violations and failure to faithfully comply with the law.