🚨🔥 BREAKING NEWS🔥🚨

The Ripple CEO, Brad Garlinghouse, didn't announce the XRP lawsuit dismissal likely because the news was already out and confirmed by Ripple's Chief Legal Officer, Stuart Alderoty. On August 10, Ripple and the SEC filed a Joint Dismissal of Appeals, effectively ending the case after more than five years of legal battles.

Clarification by Ex-SEC Lawyer

Former SEC attorney Marc Fagel stepped in to clear up confusion and "fake news" claims surrounding the dismissal. He said, "The joint stipulation of dismissal is public, so not sure what you think needs to be announced". Fagel explained that Judge Analisa Torres doesn't need to sign off on anything at this stage, and her original ruling will take effect once the Court of Appeals completes the administrative process of dismissing the appeals .

Implications for Ripple and XRP

With the case closed :

- *End of Legal Uncertainty*: Removes a major legal uncertainty for Ripple.

- *Business Expansion*: Ripple can now focus on business expansion with more clarity in the U.S.

- *XRP Price Reaction*: XRP's price rose over 11% following the news.

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