The U.S. SEC has officially dropped its enforcement action against Ripple, marking a significant win for the company. Crypto lawyer John Deaton stated that this confirms $XRP is not a security but rather a digital commodity. Ripple CEO Brad Garlinghouse called it a landmark victory for the industry.
Meanwhile, Solana Labs CEO Anatoly Yakovenko addressed the backlash over a controversial ad posted on Solana’s official X account. He admitted the ad was inappropriate and pledged to keep $SOL focused on open-source development and decentralization while avoiding cultural conflicts.
This decision by the SEC signifies a major shift in regulatory approaches, potentially impacting the broader crypto landscape.
