SEC Ends Appeal, XRP Soars 13% Welcoming Regulatory Dawn, Is the Industry at a Turning Point?

The U.S. Securities and Exchange Commission officially withdrew its lawsuit appeal against Ripple on March 19, concluding a four-year legal tug-of-war. Ripple CEO Brad Garlinghouse called this 'the SEC's surrender' on X platform, emphasizing that this outcome sets a crucial precedent for the crypto industry. Following the announcement, the price of XRP surged by 13%, now reported at $2.53, with market sentiment significantly improving.

The court previously ruled that XRP is not classified as a security in retail transactions, and the SEC's abandonment of the appeal further confirms its non-security status, providing important reference for industry regulation.

The Trump administration's friendly attitude towards cryptocurrencies upon taking office is seen as a key turning point, with Ripple's previous donations to the Trump Fund and high-level meetings potentially influencing the SEC's decision-making.

Future Directions: Ripple plans to assess cross-appeals to strengthen its legal advantage; at the same time, preparations for an XRP ETF and potential expectations for Ripple's IPO may become the next wave of market catalysts.

Financial analyst believes this event is not only a victory for Ripple but also marks a new phase in U.S. crypto regulation from 'high-pressure crackdown' to 'clear classification'. With the technological barriers of cross-border payments and compliance prospects, XRP may become a focal point for institutional investment. However, Ripple still needs to address the uncertainties of cross-appeals, and the SEC's future regulatory attitude towards other tokens remains unpredictable. In the short term, XRP may challenge the $3 mark, but caution is needed for the risk of a market correction after excessive speculation.