Ripple CEO Brad Garlinghouse confirmed that the SEC has dropped its appeal, ending the legal battle that began in December 2020. The SEC had accused Ripple of conducting a $1.3 billion unregistered securities offering.

SEC Drops Appeal

On March 19, Garlinghouse shared the news on X, calling it “the moment we’ve been waiting for” and celebrating the victory for Ripple and the crypto industry. He stated, “The case has ended; it’s over,” marking a significant win for Ripple.

Announcement at the Digital Asset Summit

Garlinghouse made the announcement at the Digital Asset Summit in New York, urging the U.S. to become the global leader in cryptocurrency. He described the conclusion of the case as “closing a chapter in crypto history.”

Gratitude and Reflection

Garlinghouse expressed gratitude to Ripple's legal team, employees, customers, and partners who supported the company during the legal battle. He also praised the new SEC leadership and lawmakers for adopting a more constructive approach to crypto regulation.

XRP Price Surge

Following the announcement, XRP’s price surged by 9% within the first hour, making it the third-largest cryptocurrency by market capitalization, valued at around $146 billion.

For a more detailed XRP price prediction 2030, check out our full analysis!

Looking Ahead

With the legal issue resolved, Ripple can now focus on growth and innovation. Garlinghouse’s optimism signals a promising future for Ripple and the broader cryptocurrency industry.