After more than four years of a prolonged legal battle, the US Securities and Exchange Commission has dropped the case against Ripple.
Expectedly, XRP’s price reacted immediately by jumping from $2.3 toward $2.6.
It almost felt inevitable after the numerous closed cases by the SEC in recent weeks. Recall that the US securities regulator dropped its cases against crypto companies like Coinbase, Binance US, Kraken, Consensys, and many others.
However, the Ripple case seemed more complex due to its longer history and several judge rulings over the years.
Nevertheless, the long-anticipated resolution has finally arrived, as Ripple CEO Brad Garlinghouse announced on X minutes ago.
The exec said his company never wanted this legal tussle but knew that it had to win for itself and for the entire cryptocurrency market.
“I’m finally able to announce that this case has ended. It’s over.”
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