Ripple Victory! SEC Drops Appeal – $XRP & Crypto Implications
The SEC has dropped its appeal against Ripple, ending a 4-year legal battle and triggering an XRP surge past $2.4. CEO Brad Garlinghouse hailed it as a "long-overdue surrender" by the SEC, reflecting industry-wide frustration with aggressive regulation. The lawsuit, filed in 2020, claimed XRP was an unregistered security, but a July 2023 ruling deemed it not a security in secondary sales. The SEC’s retreat follows similar pullbacks in cases against Coinbase/Kraken, signaling a shift in regulatory tactics.
With legal clarity, XRP’s future looks brighter: analysts eye $3+ targets or even a return to all-time highs. Institutional adoption (e.g., cross-border payments) may accelerate, and an XRP-spot ETF now seems more plausible. The outcome also sets a precedent for crypto regulation, empowering other projects facing SEC scrutiny. A potential Trump administration’s pro-crypto stance could further reshape policies.
Will XRP finally thrive? Share your thoughts! #RippleVictory #XRP #CryptoNews #BinanceSquare
