30.06.2025 07:26

Ripple Labs has concluded its protracted legal dispute with the US Securities and Exchange Commission (SEC), CEO Brad Garlinghouse announced. The company has withdrawn its cross-appeal, definitively ending a four-year-long battle. This decisive action immediately impacted XRP's price, causing a noticeable four percent surge.

Garlinghouse revealed Ripple's decision through a public statement, marking a significant turning point in the case. The lengthy legal proceedings, which had captivated the cryptocurrency world, have finally concluded, bringing considerable uncertainty to an end. This resolution signifies a major victory for Ripple, though the exact terms of the settlement remain undisclosed.

The SEC's lawsuit, alleging that XRP constituted an unregistered security, had cast a long shadow over the cryptocurrency market. Its outcome held significant implications for the entire industry's regulatory landscape. The resolution, though potentially beneficial for Ripple, leaves open the question of broader precedent setting on crypto regulation, a matter that continues to be fiercely debated.

Following the announcement, the price of XRP experienced a rapid increase, reflecting investor confidence in the outcome. Market analysts are closely monitoring this development, analyzing its impact on the wider cryptocurrency market and the implications for other similar ongoing legal battles. The termination of the lawsuit is a pivotal moment, marking a chapter closure in a saga that had held the industry's attention for an extended period.