SEC Drops All Remaining XRP Claims — Ripple CEO Calls It Complete Victory for Crypto
The U.S. Securities and Exchange Commission has officially dropped all remaining legal claims against Ripple Labs, ending a five-year battle that became a defining case for crypto regulation in America.
The U.S. Securities and Exchange Commission filed a notice of voluntary dismissal in federal court Friday, formally ending its remaining legal proceedings against Ripple Labs and closing the chapter on one of the most consequential regulatory battles in crypto history. The case began in December 2020 with the SEC's allegation that XRP constituted an unregistered security.
Ripple CEO Brad Garlinghouse wasted no time claiming vindication, posting on X that the outcome represented 'a complete victory — not just for Ripple but for every blockchain project that had to operate under regulatory ambiguity in the United States for the past five years.' XRP surged 31% within hours of the filing, briefly touching $3.85 before settling near $3.40 as traders took profits.
The resolution carries implications extending well beyond XRP. Legal observers note the dismissal, combined with recent Congressional action on the Digital Asset Market Structure Act, signals a meaningful reset in the U.S. government's approach to crypto enforcement — one that leans toward providing clear rules rather than pursuing retroactive legal action against established networks.
Exchange volume in XRP spiked to levels not seen since the 2021 bull market. Derivatives traders are now pricing in a probability-weighted XRP price of $4.20 by end of Q2, reflecting renewed optimism that regulatory clarity will unlock institutional allocations held back by the lawsuit's uncertainty.