Ripple CEO Celebrates Win as SEC Drops Lawsuit Over XRP ๐
Ripple's CEO announces a major victory after the SEC ends its case and appeal against XRP token sales, marking a significant milestone for the company and the crypto community.
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The Securities and Exchange Commission has dropped its case and appeal against Ripple Labs, according to ABC News. CEO Brad Garlinghouse announced the social media platform X on Wednesday. The decision potentially spares Ripple from a $125 million fine. The SEC sued Ripple in 2020, alleging the company violated securities laws by raising over $1 billion through XRP token sales. A 2023 court ruling found XRP tokens were not securities but upheld a fine for sales to institutional investors. Ripple donated $5 million to Trumpโs inaugural committee, and its CEO met with Trump in January
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Published
Mar 21, 2025
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