The SEC has officially dropped its appeal against Ripple, marking the end of a four-year lawsuit over XRP’s alleged unregistered securities offering.
Author: Tanishq Bodh
The U.S. Securities and Exchange Commission (SEC) has officially dropped its appeal against Ripple, concluding a four-year legal battle that accused the blockchain company of conducting a $1.3 billion unregistered securities offering.
Ripple CEO Brad Garlinghouse confirmed the news at the Digital Asset Summit in New York, calling it a “resounding victory for Ripple, for crypto, every way you look at it.” The decision means Ripple (XRP-USD) can now operate without the risk of further SEC enforcement actions.
Garlinghouse later posted a video on X (formerly Twitter), declaring, “The case has ended. It’s over.”
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.
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
The lawsuit, which began in December 2020, has been closely watched as a test case for how U.S. regulators classify cryptocurrencies. The SEC had alleged that Ripple violated federal securities laws by selling XRP as an unregistered security. However, after multiple legal setbacks, the regulator has now chosen to drop its appeal.
With the case now behind it, Ripple is looking ahead. Garlinghouse expressed gratitude to Ripple’s legal team, employees, and the XRP community for their support throughout the lawsuit.
After four years of legal drama, the SEC has dropped its appeal against Ripple, officially closing the $1.3 billion lawsuit.
Love it or hate it, XRP just made history.
With regulatory uncertainty cleared, Ripple is shifting focus to expanding its global business and advocating for crypto-friendly policies in the U.S. Garlinghouse emphasized the need for regulatory clarity, stating, “It’s time to make the United States the crypto capital of the world.”
The case’s resolution is expected to have a significant impact on future crypto regulations and how digital assets are classified under U.S. law.
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