{"id":144205,"date":"2025-03-19T18:38:08","date_gmt":"2025-03-19T18:38:08","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/its-over-xrp-rallies-as-sec-ends-its-lawsuit-against-ripple-according-to-ceo-brad-garlinghouse\/"},"modified":"2025-03-19T18:38:08","modified_gmt":"2025-03-19T18:38:08","slug":"its-over-xrp-rallies-as-sec-ends-its-lawsuit-against-ripple-according-to-ceo-brad-garlinghouse","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=144205","title":{"rendered":"\u2018It\u2019s Over\u2019 \u2013 XRP Rallies As SEC Ends Its Lawsuit Against Ripple According to CEO Brad Garlinghouse"},"content":{"rendered":"


\n<\/p>\n

\n

The U.S. Securities and Exchange Commission (SEC) is officially dropping its lawsuit against Ripple Labs, according to CEO Brad Garlinghouse.<\/p>\n

In a new video update<\/a> on the social media platform X, Brad Garlinghouse says that the regulatory agency is dropping its appeal in its lawsuit against the firm, which it originally filed in December 2020 for allegedly selling unregistered securities.<\/p>\n

\u201cI\u2019m finally able to announce this case has ended \u2013 it\u2019s over. Sitting here today and reflecting on four years ago, it seems very clear to me that this case was doomed from the start. In so many ways, it was the first major shot in the war on crypto. <\/em><\/p>\n

I truly felt like I knew then that not only was Ripple on the right side of the law, but I felt that we were also going to be proven to be on the right side of history\u2026 <\/em><\/p>\n

Ripple is the first company with the resources, determination, and grit to fight back against the agency\u2019s overreach, and today this journey finally concludes. Today is a victory \u2013 a long overdue surrender by the SEC.\u201d<\/em><\/p>\n

According to Garlinghouse, the SEC was using the guise of protecting investors as a means of stifling the digital assets industry. He also says other government agencies helped the SEC hinder the industry by debanking crypto firms.<\/p>\n

\u201cA regulatory whose primary purpose is to protect investors went all-in on a non-fraud, victimless lawsuit and wiped out $15 billion of value from innocent XRP holders. The SEC was the market manipulator.\u201d<\/em><\/p>\n

In 2023, a judge ruled<\/a> that Ripple\u2019s automated, open-market sales of XRP did not count as security offerings, countering the SEC\u2019s allegations.<\/p>\n

XRP<\/a> has rallied 13% on Garlinghouse\u2019s announcement, currently trading at $2.53<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission (SEC) is officially dropping its lawsuit against Ripple Labs, according to CEO Brad Garlinghouse. 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