The post XRP Price Explodes as SEC Backs Down – Massive Rally Ahead? appeared first on Coinpedia Fintech News
After more than three years of litigation, the United States Securities and Exchange Commission (SEC) will drop the case against Ripple Labs. According to Brad Garlinghouse, the CEO of Ripple Labs, the U.S. SEC will drop its appeal, which was filed to dispute the 2023 ruling by Judge Analisa Torres.
“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,” Garlinghouse noted.
Earlier this month, the U.S. SEC proposed that XRP is a payment system and not viewed as a security asset under the Howey test. Furthermore, the U.S. SEC Chair Paul Atkinson is aligned with President Donald Trump’s bid to enable the mainstream adoption of crypto assets and blockchain technology.
Today, Ripple moves forward—stronger than ever. Thi
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