XRP Skyrockets as SEC Drops Lawsuit Against Ripple – A New Era for Crypto Regulation?
New York, March 19, 2025 – The cryptocurrency market witnessed a significant boost after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) has decided to drop its long-standing lawsuit against the company. The news sent XRP soaring by nearly 11% to $2.52, marking one of its strongest rallies in recent months.
Garlinghouse shared the update at the Digital Assets Summit in New York, stating that the legal battle had been a tough journey spanning over four years. “I deeply believed we were on the right side of the law and history,” he said, adding that the SEC’s approach toward the crypto industry had been unjust.
The SEC had originally sued Ripple in December 2020, alleging that it had violated U.S. securities laws by selling XRP without proper registration. The case saw a pivotal moment in 2023 when a federal judge ruled that while XRP was not a security when sold to retail investors, it was classified as an unregistered security offering when sold to institutional investors.
The latest decision to drop the appeal is part of a broader shift in the SEC’s stance toward cryptocurrency regulation. Last month, the agency ended enforcement actions against major crypto firms, including Coinbase, Robinhood’s crypto unit, Uniswap, Gemini, and Consensys. Additionally, it scaled back its crypto enforcement unit and clarified that meme coins are not considered securities.
XRP’s Market Impact and Future Outlook
Following the announcement, XRP surged to $2.56, recording a 13% gain on Kraken’s exchange. Bitcoin and Ethereum also saw a positive reaction, climbing 2.2% and 6.6%, respectively.
Market analysts believe that the SEC’s decision signals a major regulatory shift that could encourage further institutional adoption of cryptocurrencies. With 95% of Ripple’s transactions occurring outside the U.S., the company now aims to expand its global influence in cross-border payments.
The crypto community will closely watch the SEC’s upcoming roundtable discussions on digital assets, set to begin this week. These discussions are expected to define the legal framework for cryptocurrencies, potentially shaping the industry’s future.
As XRP continues to ride the wave of regulatory relief, investors and blockchain enthusiasts are hopeful that this decision will pave the way for a more transparent and innovation-friendly environment in the crypto space.