After more than four years of intense legal battles, the U.S. Securities and Exchange Commission (SEC) formally withdrew its appeal against Ripple. This marks an important milestone in this protracted court struggle, which has influenced discussions on cryptocurrency regulation in the U.S.

Alderoty emphasized that the Ripple lawsuit set an important legal precedent, the impact of which extends beyond the company itself. The case has been closely watched across the entire crypto space, as its outcome will influence how U.S. regulators review blockchain projects.

The SEC initially sued Ripple Labs in December 2020, accusing the company of selling XRP as an unregistered security. However, Ripple rejected the regulator's accusations, asserting that XRP does not meet the criteria for securities.

After a mixed ruling in June 2023, the SEC appealed the ruling in early 2024, escalating the matter further. With the appeal withdrawn, Ripple finds itself better positioned to challenge any aspects of the case it deems unfavorable.


After achieving a legal victory, XRP experienced a strong rally, as the U.S. Securities and Exchange Commission (SEC) decided to abandon its appeal against Ripple, a decision that had a significant impact on the cryptocurrency market, causing XRP's price to soar over 14%. This sudden change sparked optimism among investors in the crypto market, pushing Ripple past the key resistance level of $2.50. Meanwhile, trading volumes surged, and XRP's market capitalization jumped to $148.72 billion.

Market experts believe that with the legal uncertainties resolved, XRP may experience significant growth in the coming months. Some analysts predict that as retail and institutional investor confidence recovers, XRP could break past its historical highs.

Despite the overall downturn in the cryptocurrency market, XRP continues to perform strongly, attracting more and more attention from financial institutions. With the legal issues resolved, Ripple and XRP may enter a new phase of growth and widespread adoption.#美SEC将放弃对Ripple的上诉 #特朗普数字资产峰会演讲