SEC Drops Its Appeal: A Game-Changer for XRP
The biggest story dominating the crypto space today is the U.S. Securities and Exchange Commission (SEC) officially dropping its appeal against Ripple Labs. After a four-year legal battle that began in December 2020, Ripple CEO Brad Garlinghouse announced earlier this week that the SEC would abandon its efforts to challenge a 2023 ruling by Judge Analisa Torres. That ruling famously declared that XRP, when sold to retail investors on public exchanges, does not meet the legal definition of a security—a landmark victory for Ripple and the broader crypto industry.
This resolution has been hailed as a “long-overdue surrender” by Garlinghouse, who accused the SEC of wiping out $15 billion in value from XRP holders during its prolonged enforcement action. With the appeal now off the table, the regulatory cloud that has loomed over XRP for years is finally dissipating, paving the way for renewed confidence and potential institutional adoption.
