SEC withdraws its appeal in Ripple case

The US Securities and Exchange Commission (SEC) has withdrawn its appeal in the Ripple case, bringing an end to a four-year legal battle that began in 2020 over allegations of unregistered XRP sales. Ripple CEO Brad Garlinghouse called the decision a «resounding victory» for crypto innovation, emphasizing that the lawsuit targeted the entire industry. This regulatory precedent could encourage cryptocurrency companies to push back against excessive regulatory intervention, according to ETH News.

Meanwhile, XRP surged 10–14% following the announcement of the court's decision, reflecting a revival of investor confidence, analysts at FXEmpire reported.

As ETH News noted, the ruling paves the way for Ripple to expand XRP's use in cross-border payments. Additionally, the SEC's retreat signals broader regulatory changes under the Trump administration.