The Securities and Exchange Commission (SEC) dropped its longstanding case against Ripple Labs last week, at least that’s what we are led to believe.
Brad Garlinghouse, the chief executive officer (CEO) of Ripple Labs broke the news in a March 19 X post.
“This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.”
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let’s build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
A couple of days later, on March 25, the company’s chief legal officer (CLO), Stuart Alderoty, shared what he termed his ‘final’ update on the case, also through an X post.
Alderoty explained that the SEC has agreed to drop the case without conditions, while Ripple will withdraw
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