{"id":125398,"date":"2025-03-19T14:24:52","date_gmt":"2025-03-19T14:24:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125398"},"modified":"2025-03-19T14:24:52","modified_gmt":"2025-03-19T14:24:52","slug":"sec-will-drop-its-appeal-against-ripple-ceo-garlinghouse-says","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125398","title":{"rendered":"SEC will drop its appeal against Ripple, CEO Garlinghouse says"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe United States Securities and Exchange Commission\u2019s multi-year enforcement action against Ripple is finally coming to an end, according to the company CEO.<br \/>\n\u201cThis is it \u2014 the moment we\u2019ve been waiting for. The SEC will drop its appeal \u2014 a resounding victory for Ripple, for crypto, every way you look at it,\u201d Ripple CEO Brad Garlinghouse wrote on X on March 19.<br \/>\nSource: Brad Garlinghouse\u201cI\u2019m finally able to announce that the case has ended; it\u2019s over,\u201d Garlinghouse said in the attached video to the X post.<br \/>\nThe end of a long-running legal battle between Ripple and the SEC comes four years after the US securities regulator\u00a0sued\u00a0the company over an alleged $1.3 billion unregistered securities offering in December 2020.<br \/>\nGarlinghouse announces the news at the Digital Asset Summit<br \/>\nGarlinghouse\u2019s announcement on the end of the SEC-Ripple case came amid the Digital Asset Summit in New York.<br \/>\n\u201cJust a few minutes ago, right before I walked up here, I posted on X that we can now announce that the SEC is no longer pursuing their appeal in the Ripple case,\u201d the CEO stated.<br \/>\nRipple CEO Brad Garlinghouse at the Digital Asset Summit 2025. Source: Cointelegraph\u201cWe\u2019re now closing a chapter in crypto history,\u201d Garlinghouse said in the video on X, adding that \u201cit\u2019s time to make the United States the crypto capital of the world.\u201d<br \/>\n\u201cRipple\u2019s main message is about gratitude\u201d<br \/>\nIn the statement, Garlinghouse praised the new SEC leadership and executive and legislative branches of the US government for \u201cseeking a rational and constructive way forward on crypto.\u201d<br \/>\nThe CEO emphasized that his main message is about gratitude, stating:<br \/>\n\u201cIt\u2019s gratitude to everyone who stood by us, to every Ripple employee, to the incredible legal team here at Ripple, led by the best chief legal officer in the business. To all the gratitude, certainly to the XRP family, to our customers, to our partners.\u201d<br \/>\nGarlinghouse expressed confidence that Ripple\u2019s legal victory sends an \u201cominous sign for innovation around cryptocurrency in the United States\u201d following years of \u201cintimidation and terror\u201d from Gary Gensler-headed SEC.<br \/>\nXRP spikes about 9% amid the news<br \/>\nRipple-issued XRP (XRP) has recorded significant action amid the news, with its price surging about 9% in the first hour following the announcement, according to data from Cointelegraph Markets Pro and TradingView.<br \/>\nBy publishing time, XRP is the third largest crypto asset by market capitalization, at $146 billion.<br \/>\nXRP price surged 9% following SEC\u2019s backdown. Source: TradingView<br \/>\nThe news has also triggered a broader rally in crypto markets, with multiple tokens reacting with minor gains in the first hour following Garlinghouse\u2019s statement.<br \/>\nAdditional reporting by Turner Wright.<br \/>\nMagazine: Classic Sega, Atari and Nintendo games get crypto makeovers: Web3 Gamer<a href=\"https:\/\/cointelegraph.com\/news\/sec-drop-appeal-ripple-ceo-garlinghouse?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe United States Securities and Exchange Commission\u2019s multi-year enforcement action against Ripple is finally coming to an end, according to the company CEO. \u201cThis is it \u2014 the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125398"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125398"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125398\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125398"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}