Director General Ripple Brad Garlinghouse has officially announced that the U.S. Securities and Exchange Commission has dropped its lawsuit against Block-companies due to unregistered token sales XRP.
The SEC‘s denial ends a four-year legal battle that began in December 2020. The court’s interim ruling in July 2023 partially ruled in favor Rippleset, as XRP was not found to be a security in retail transactions, and the organization was fined $125 million and barred from institutional sales in 2024. The SEC appealed the decision in January 2025.
The SEC had recently dropped similar cases against Coinbase and Robinhood in February 2025, which it attributed to changes under the Trump administration. Like those organizations, Ripple donated $5 million to Trump’s inauguration fund.
Token price XRP responded to Garlinghouse’s statements by rising 14% to $2,56.
CoinGecko Data
It is interesting that in early March the lawyer James Murphy wrote, that the regulator’s withdrawal of the claim is unlikely, since court decisions have already been made in the case, and federal judges are increasingly less likely to overturn previous decisions as part of a settlement. But Ripple lucky.
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