worldcoinindex.com
After a prolonged legal battle, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple, marking a significant win for the crypto industry. Ripple CEO Brad Garlinghouse broke the news on X on March 19, celebrating the end of a case that spanned four years.
“It’s over,” Garlinghouse declared, calling the lawsuit “the first major shot fired in the war on crypto.” He emphasized that Ripple’s victory set a legal precedent, confirming that XRP is not a security—an outcome that has now become part of U.S. law.
The lawsuit, which cost XRP holders around $15 billion in losses, faced sharp criticism even from former SEC Chair Mary Jo White, who deemed the agency’s case “dead wrong.” Garlinghouse also pointed to ongoing regulatory overreach, accusing the SEC under Chairman Gary Gensler of unfairly targeting the entire crypto industry with flawed arguments.
Throughout the legal proceedings, Ripple pushed back against what it saw as regulatory missteps, with the presiding judge even sanctioning the SEC for “discovery abuses” and a lack of “faithful allegiance to the law.”
“This was never a fight we sought, but it was one we had to win,” Garlinghouse said, expressing appreciation for Ripple’s employees, legal team, and the XRP community.
As regulatory discussions gain momentum in Washington, Garlinghouse sees this victory as a step toward making the U.S. a global leader in crypto innovation. With the SEC’s case now closed, the focus shifts to shaping a clear and fair framework for digital assets in the country.