Summary
⚈ Ripple claims the SEC officially withdrew its appeal, though the SEC remains silent.
⚈ XRP is trading at $2.09, down 2.54% daily but up 0.65% YTD.
⚈ Despite resistance at $2.20, long bets rise, and whales continue accumulating XRP.
The latest news regarding the Ripple v. SEC case has come from Ripple Labs, and it has caused a bit of a stir in the cryptocurrency market.
On May 5, Ripple Labs published its Q1 2025 XRP markets report. Under “Key Highlights”, the report states the following:
“The SEC officially withdrew its appeal, closing the chapter on a multi-year legal saga that tested the limits of regulatory overreach and the war on crypto.”
As noted by cryptocurrency lawyer Bill Morgan in a May 6 X post, this is the first statement made by Ripple — not Chief Executive Officer (CEO) Brad Garlinghouse, which details the lawsuit as withdrawn.
“Odd though that the report states the SEC has officially withdrawn its appeal when
We współpracy z: https://finbold.com/ripple-v-sec-case-update-may-6-2025/
