- SEC to drop appeal in its Ripple lawsuit, signaling end to years-long legal battle.
- Ripple’s legal victory could boost banking partnerships, with major institutions eyeing RippleNet.
- XRP’s market value surges 10.96%, signaling optimism following legal developments.
Ripple CEO Brad Garlinghouse has confirmed the big news: the U.S. Securities and Exchange Commission (SEC) is going to drop its appeal in the long-running lawsuit against the company. This legal battle kicked off back in December 2020, when the SEC accused Ripple of selling XRP as an unregistered security.
Garlinghouse’s announcement on March 19 is a clear sign of victory in this multi-year fight, bringing it much closer to the finish line. The CEO made the statement right before the Digital Asset Summit in New York, emphasizing just how important this outcome is for both Ripple and the entire crypto market.
What Was the SEC Accusing Ripple Of?
The SEC initially filed its lawsuit against Ripple in December 2020, claiming that the company had conducted a massive $1.3 billion unregistered securities offering through the sale of XRP. For the past four years, Ripple has been vigorously fighting these charges, with Garlinghouse consistently arguing that XRP is not a security.
Garlinghouse shared his excitement about the case seemingly wrapping up in a video posted on X, calling it “a resounding victory for Ripple and crypto.”
He stressed that this resolution has been a long time coming and that the focus should now shift to growing the crypto industry in the United States. He even stated that it’s time for the U.S. to become the crypto capital of the world.
Related: Settlement In Sight For Ripple vs. SEC Case, Though Final Terms Still Under Negotiation
What Doors Could This Victory Open for Ripple’s Future?
With the SEC’s appeal off the table, it looks like Ripple’s legal headaches might finally be over. This could create some exciting new opportunities for the company to expand its network of banking partnerships.
Ripple already has over 300 banking partners, and winning this lawsuit could encourage even more big financial institutions to join RippleNet. Experts have even suggested that major players like Bank of America, American Express, or Santander could become partners down the line.
Beyond partnerships, there’s also the possibility of Ripple going public with an IPO. The company’s recent moves to buy back shares have put its valuation at a hefty $11.3 billion, leading to speculation about what its next big move will be.
How Has the Market Reacted to This Ripple News?
The market for XRP has definitely perked up in response to this positive legal development. As of Wednesday evening (March 19, 2025), the price of XRP has now reached $2.50.
It’s important to consider the broader context since this news is the latest, and the market is likely still processing the implications; which means XRP rally is still on the cards.
Related: XRP Price Alert March 19: Ripple vs. SEC – Settlement or More Legal Shadows?
Additionally, XRP’s market capitalization stands at $145.56 billion, with a trading volume increase of 86.35%, reaching $6.72 billion.
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