A court ruling in 2023 found that XRP sales to institutional investors violated securities laws, but retail sales did not.
The decision comes amid broader changes in crypto regulation and enforcement in the U.S.
After more than four years of legal battles, the U.S.
Securities and Exchange Commission (SEC) is withdrawing its lawsuit
against Ripple, according to the company's CEO, Brad Garlinghouse. The report has sent XRP soaring over 10% as investors
welcomed the long-awaited resolution to the case that has clouded the token's
future since 2020.
This above is an advertisement by Utip
According to CoinMarketCap data, XRP was trading at $2.53 at the time of this publication. This represents a 12% and 18% increase
in the daily and weekly charts, respectively.
XRP is currently ranked 3rd with a market capitalization of over $148 billion
"This is it – the moment we've been waiting for.
The SEC will drop its appeal – a resounding victory for Ripple, for crypto,
every way you look at it. The future is bright. Let's build," Garlinghouse
commented on X.
The SEC initially sued Ripple in December 2020,
alleging the company had raised $1.3 billion through the unregistered sale of
XRP, which the agency classified as a security.
A major turning point came in 2023 when U.S. Judge
Analisa Torres ruled that while Ripple had violated securities laws in
institutional sales, its programmatic sales to retail investors did not break regulations.
The decision was seen as a partial win for Ripple,
leading the SEC to file a notice of appeal. However, the latest development
confirms the agency is abandoning its appeal, effectively bringing the case to
a close.
A Shift in Regulatory Approach
The SEC's decision to drop the case comes amid broader
shifts in regulatory enforcement. In recent months, the Commission has also
backed down from investigations into major crypto companies, including Coinbase
and Kraken.
The departure of former SEC Chair Gary Gensler and the
nomination of Paul Atkins to lead the agency under the Trump administration may
have played a role in the SEC's retreat.
XRP price soars on the daily chart, source: CoinMarketCap
Ripple's CEO suggested the lawsuit was never truly
about investor protection but rather an attempt to stifle the crypto industry.
The lawsuit's conclusion fuels speculation about the possibility of an
XRP-based exchange-traded fund (ETF).
What's Next for Ripple and XRP?
Following the announcement, XRP's trading volume also
surged, reflecting renewed investor confidence. According to CoinMarketCap,
XRP's trading volumes have soared 97% to $7 billion in the past day.
Ripple's legal victory could strengthen its standing
in the market, allowing it to focus on business expansion rather than legal
battles. However, whether the token will be the next Bitcoin remains uncertain.
After more than four years of legal battles, the U.S.
Securities and Exchange Commission (SEC) is withdrawing its lawsuit
against Ripple, according to the company's CEO, Brad Garlinghouse. The report has sent XRP soaring over 10% as investors
welcomed the long-awaited resolution to the case that has clouded the token's
future since 2020.
This above is an advertisement by Utip
According to CoinMarketCap data, XRP was trading at $2.53 at the time of this publication. This represents a 12% and 18% increase
in the daily and weekly charts, respectively.
XRP is currently ranked 3rd with a market capitalization of over $148 billion
"This is it – the moment we've been waiting for.
The SEC will drop its appeal – a resounding victory for Ripple, for crypto,
every way you look at it. The future is bright. Let's build," Garlinghouse
commented on X.
The SEC initially sued Ripple in December 2020,
alleging the company had raised $1.3 billion through the unregistered sale of
XRP, which the agency classified as a security.
A major turning point came in 2023 when U.S. Judge
Analisa Torres ruled that while Ripple had violated securities laws in
institutional sales, its programmatic sales to retail investors did not break regulations.
The decision was seen as a partial win for Ripple,
leading the SEC to file a notice of appeal. However, the latest development
confirms the agency is abandoning its appeal, effectively bringing the case to
a close.
A Shift in Regulatory Approach
The SEC's decision to drop the case comes amid broader
shifts in regulatory enforcement. In recent months, the Commission has also
backed down from investigations into major crypto companies, including Coinbase
and Kraken.
The departure of former SEC Chair Gary Gensler and the
nomination of Paul Atkins to lead the agency under the Trump administration may
have played a role in the SEC's retreat.
XRP price soars on the daily chart, source: CoinMarketCap
Ripple's CEO suggested the lawsuit was never truly
about investor protection but rather an attempt to stifle the crypto industry.
The lawsuit's conclusion fuels speculation about the possibility of an
XRP-based exchange-traded fund (ETF).
What's Next for Ripple and XRP?
Following the announcement, XRP's trading volume also
surged, reflecting renewed investor confidence. According to CoinMarketCap,
XRP's trading volumes have soared 97% to $7 billion in the past day.
Ripple's legal victory could strengthen its standing
in the market, allowing it to focus on business expansion rather than legal
battles. However, whether the token will be the next Bitcoin remains uncertain.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
