bravenewcoin.com
In a stunning conclusion to a four-year legal battle, Ripple CEO Brad Garlinghouse has announced that the U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against the company, marking a major win for the cryptocurrency industry and Ripple’s XRP token.
Ripple, XRP and the SEC – A Long-Awaited Resolution
Garlinghouse made the announcement on X in a statement today, confirming that the case, which began in December 2020, has officially come to an end. “This case is over,” he declared, reflecting on what he described as a baseless lawsuit from the start. “Ripple was not only on the right side of the law, but we have now been proven to be on the right side of history.”
Garlinghouse made the announcement via video, Source: X
The price of XRP jumped following the news. With a spot ETF for XRP likely to be approved by the SEC soon, XRP price predictions are again heading back into firmly bullish territory.
The XRP price has responded quickly to news that the SEC has dropped the Ripple case. Source – Brave New Coin XRP Liquid Index
The SEC had accused Ripple of conducting an unregistered securities offering by selling XRP, its native digital asset. However, a series of legal victories by Ripple—including a landmark ruling that XRP is not a security—ultimately weakened the SEC’s position and paved the way for today’s outcome.
Ripple Appeal Dropped – A Blow to the SEC’s Crypto Crackdown
Garlinghouse did not hold back in his criticism of the SEC’s approach under Chairman Gary Gensler, arguing that the case was never about protecting investors but rather about exerting control over the crypto industry. “The SEC went after the whole industry using the same arguments they used against us. They weren’t out to protect investors—they were out to intimidate and terrorize,” he said.
He further accused the SEC of being the “market manipulator,” stating that the lawsuit erased $15 billion in value from XRP holders despite the absence of fraud or victims. “This was lawfare—a war of legal terror,” he added, calling the SEC’s actions a deliberate effort to stifle the growth of digital assets in the United States.
Ripple’s Legal Precedent and the Future of Crypto Regulation
Garlinghouse emphasized that Ripple’s legal battle has set a significant precedent for the industry. “We won on every critical legal point, proving that the digital asset XRP is not a security. That is now the law,” he stated. He believes this victory will influence policymakers to establish clearer and more rational regulations for cryptocurrencies in line with traditional securities laws.
“With today’s news, the war on crypto has ended in defeat for those who turned our own government against a technology and an entire industry,” Garlinghouse proclaimed. He urged other crypto companies to take inspiration from Ripple’s fight and use its legal playbook to push back against regulatory overreach.
A New Era for U.S. Crypto Policy
Looking ahead, Garlinghouse expressed optimism about the shifting political and regulatory landscape – and acknowledged the emphasis of the Trump administration on changing the status of all things crypto in the United States. “Thankfully, we have new leadership in both the executive and legislative branches actively seeking a rational and constructive way forward on crypto,” he noted, adding that the U.S. now has an opportunity to become a global leader in blockchain innovation.
He called for an end to tribalism within the crypto community and encouraged industry players to unite in advocating for fair policies. “Let’s come together. Let’s leave the tribalism behind,” he urged.
Ripple’s Gratitude and Next Steps
Garlinghouse ended his remarks with gratitude to Ripple employees, the company’s legal team, and the XRP community for their unwavering support throughout the four-year battle. “This was a fight Ripple never wanted, but one we knew we had to win—and today, emphatically, we have,” he concluded.
It’s expected that one of the next steps by the SEC will be to approve an XRP Spot ETF.