$XRP After 4 years of long legal drama, Ripple's legal battle with the SEC has finally come to an end. In a recent announcement, Ripple CEO Brad Garlinghouse stated that he withdrew his cross-appeal against the SEC and "closed this chapter once and for all."
As soon as the news broke, XRP jumped more than 3% and the cryptocurrency world lit up with a question: what’s next for XRP?
Ripple's SEC legal war has finally ended
The battle between Ripple and the SEC began in 2020 and made many question the future of XRP. Now, with both parties withdrawing their appeals, Ripple has agreed to pay a settlement of USD 50 million, much less than the previous USD 125 million.
This agreement also removes the court's restrictions on Ripple's sales of XRP to institutions, opening new business opportunities.
