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Ripple wins lawsuit as SEC drops case against the company

Ripple announced the SEC has withdrawn its four-year-old lawsuit over XRP sales.

March 22, 2025 at 12:00 PM

Crypto's long battle with SEC comes to a close with Ripple victory

Ripple celebrates a major legal victory with the SEC's withdrawal of its lawsuit.

Ripple wins lawsuit as SEC drops lengthy case against crypto firm

Ripple announced this week that the SEC has officially dropped its four-year lawsuit against the company. The SEC accused Ripple of raising $1.3 billion by selling its XRP token without proper registration. This lawsuit, initiated at the end of former SEC Chair Jay Clayton's term, has been a cornerstone in the regulatory scrutiny of the cryptocurrency sector. Following the announcement, XRP's value rose by 11%. Ripple Chief Legal Officer Stuart Alderoty expressed satisfaction with the outcome, saying the SEC has not only abandoned its case but also lost its credibility in the crypto legal arena. Ripple's battle reportedly cost the company around $150 million.

Key Takeaways

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Ripple's legal win may shift the regulatory landscape for cryptocurrencies.

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SEC's decision to stop enforcement could encourage more challenges from crypto firms.

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Ripple's significant legal costs highlight the stakes in crypto regulation.

"Ripple stands alone as the company that fought back — and won on essential legal questions."

Stuart Alderoty highlights Ripple's unique position after winning the case against the SEC.

"The SEC has now abandoned its appeal in our case."

Alderoty emphasizes that the SEC no longer pursues its previous stance on Ripple.

This development marks a significant shift in the terrain for cryptocurrency regulations in the U.S. Ripple's victory may embolden other crypto firms to challenge the SEC's regulatory reach. The SEC's decision to withdraw reflects a reevaluation of its stance towards digital assets, potentially reshaping the future legal landscape for cryptocurrencies. Observers will be watching closely to see how this impacts ongoing discussions about proper regulation in the crypto industry going forward.

Highlights

Ripple's victory challenges the SEC's authority over crypto.
This case reshapes the narrative of cryptocurrency regulation.
The SEC's retreat speaks volumes about their strategy on crypto.

Potential implications for regulatory practices

The SEC's retreat from this case may indicate a shift in how it approaches cryptocurrency regulation, sparking concerns among investors and regulators alike.

This case may change how regulators approach cryptocurrency in the future.

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