XRP Surges as Ripple CEO Garlinghouse Signals End to SEC Dispute

“Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse said.

• XRP surged after Ripple’s CEO announced plans to drop the cross-appeal against the SEC.
• A federal court recently denied Ripple and the SEC’s bid to reduce a $125 million penalty.
• Ripple’s legal team emphasized that XRP’s status as not a security remains unchanged, easing investor concerns.

• “Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse said in a post on X.

  He added that Ripple is now focused on “building the internet of Value” as the company moves past the lengthy legal saga. Following his statement, XRP jumped 3.36% to $2.18, according to CoinMarketCap data.