The American securities regulatory body officially shut down its lawsuit against Ripple & XRP Cryptocurrency.
Summary
- The US SEC body officially dropped the case against Ripple.
- Ripple CEO called this development a very big victory for the Ripple firm.
- This news acted as a very big catalyst to pump the trade price of $XRP Cryptocurrency.
Ripple is a San Francisco headquartered blockchain cum fintech firm known for its $XRP Cryptocurrency powered cross-border payment services. Since Dec 2020, Ripple has been facing lawsuit action by the United States Securities and Exchange Commission (SEC) over operating $XRP-powered payment services & also for the sale of the $1.3 billion worth of XRP coins publicly.
On 19 March 2025, Ripple CEO Brad Garlinghouse informed the crypto community that the SEC body decided to drop its appeal in the $XRP lawsuit, calling it a victory for the Ripple firm.
Ripple chief legal officer Stuart Aldetory said that the Ripple vs SEC fight set a precedent for the domestic crypto industry.
Ripple firm pledged to donate $5 million worth of XRP coins to the country’s ProCrypto President Donald Trump’s inauguration fund.
Following this bullish news, the trade price of $XRP coin surged 13%, from $2.3 to $2.5.
Popular Crypto analyst Ali_chart noted that $XRP is currently under a huge hype, obviously following the Ripple vs SEC resolution, raising the question of whether it is really a good time to buy this cryptocurrency in the bull phase of this Cryptocurrency.
Here, the Bitcoinik.com readers need to know that much crucial information related to the Ripple vs SEC resolution is still not present in the public domain. In simple words, we should wait for the official filing by the SEC staff on this legal fight summary.
Read also: Top 3 New Crypto Scams & Hacking Attacks, You Must Avoid in 2025
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