Crypto news today (March 20, 2025): SEC drops lawsuit against Ripple, Solana CEO apologizes for controversial advertisement

   Today, the crypto market is highlighted by two major events. The SEC has dropped the lawsuit against Ripple that has been ongoing since 2021, marking a victory for XRP. CEO Brad Garlinghouse called this a "moment waited for" and a "victory for the crypto industry." Lawyer John Deaton affirmed that XRP is not a security, and Ripple may renegotiate the $125 million fine, especially after the U.S. political landscape changes with Trump’s election.

   At the same time, CEO of $SOL Labs, Anatoly Yakovenko, apologized for the controversial advertisement "America Is Back" which targeted gender identity. He acknowledged it was a "terrible act," expressed regret on X on March 19, and committed to steering clear of cultural controversies, focusing on technology instead. This advertisement previously garnered 1.2 million views before being removed.

   Ripple's victory over the SEC not only reinforces the position of $XRP but could also change how U.S. regulators approach the crypto industry in the future, especially in the new political context. Conversely, Solana's incident serves as a warning for major projects about the importance of managing public image and messaging. Both events are attracting significant attention from the global cryptocurrency community.