Name
Ripple CEO says legal battle with SEC 'has ended,' XRP's price jumps
Description
Ripple CEO Brad Garlinghouse announced that the company’s legal battle with the SEC has officially ended, marking the conclusion of a four-year lawsuit over alleged unregistered securities sales. The SEC has decided to drop its appeal, signaling a broader shift in the agency’s approach to crypto under new leadership.
Publish date
6:43am, Wednesday, March 19, 2025
Referenced by
Ripple CEO Brad Garlinghouse announces end of SEC case
Crypto news
News story
In July 2023, U.S. District Court for the Southern District of New York Judge Analisa Torres ruled that some of Ripple’s sales, called programmatic, of XRP did not violate securities laws because of a blind bid process in place for them. Torres, however, ruled that other direct token sales to institutional investors were securities
Crypto news
Quote
I'm finally able to announce that this case has ended. It's over
Crypto news
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