The crypto world is celebrating as the SEC has withdrawn its appeal in the dispute with Ripple, and CEO Brad Garlinghouse sees this as a historic victory for the entire industry. In a video message on X, he states:
“This is 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.”
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. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
This ends a multi-year legal battle that has kept not only Ripple but the entire industry on edge. The conflict began in 2020 when the SEC sued Ripple and Garlinghouse personally for allegedly offering unregistered securities through the sale of XRP.
Garlinghouse had argued from the start that the lawsuit was more than just an attack on Ripple – it was an attack on crypto innovation as a whole. The SEC’s decision marks a turning point, creating a precedent that could encourage other crypto companies to stand up against regulatory overreach.
The case highlights the urgent need for clear legal frameworks in the US. While the EU is moving forward with MiCA regulation, American policy lags behind – a vacuum that pushed companies like Ripple into legal gray areas.
For Ripple, this means a clear path to further establish XRP as a means of payment, especially in cross-border transactions where the company already cooperates with banks and financial institutions.
The market reacted promptly – XRP saw a significant price increase after the announcement, indicating that investors view the decision as the starting signal for a new growth phase. In the last 24 hours, the XRP price rose by 10.51% to $2.48 at the time of writing (19.03.2025, 14:42).
This development raises questions about the SEC’s initial stance and future approach to other cryptocurrencies. Meanwhile, Garlinghouse remains optimistic, stating:
“The future is bright. Let’s build.”
