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SEC Dismisses Ripple Lawsuit: XRP Gains 10%!

3/19/2025

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Summary

Story summary

The U.S. SEC has dismissed its lawsuit against Ripple, affirming that XRP is not a security.
Ripple's CEO, Brad Garlinghouse, called this a significant win for the crypto sector, ending the "war on crypto."
Following the announcement, XRP's price increased by over 10%, indicating boosted investor confidence.
The SEC is altering its regulatory stance, withdrawing several enforcement actions against other crypto companies.
This resolution could facilitate the approval of an XRP exchange-traded fund (ETF).

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Story summary

The U.S. SEC has dismissed its lawsuit against Ripple, affirming that XRP is not a security.
Ripple's CEO, Brad Garlinghouse, called this a significant win for the crypto sector, ending the "war on crypto."
Following the announcement, XRP's price increased by over 10%, indicating boosted investor confidence.
The SEC is altering its regulatory stance, withdrawing several enforcement actions against other crypto companies.
This resolution could facilitate the approval of an XRP exchange-traded fund (ETF).