XRP Surges as Ripple Ends SEC Legal Battle
Brad Garlinghouse, CEO of Ripple, announced the company is ending its appeal against the U.S. Securities and exchange Commission. This move signals the conclusion of one of the most critically important battles in crypto history. The SEC is expected to withdraw its appeal as well, paving the way for XRP’s return to major exchanges.
“We’re ending this chapter to focus on building the Internet of Value,” Garlinghouse shared on X. This decision brings legal certainty, driving XRP’s price. The coin rose to $2.20, up from $2.07 before the proclamation. crypto lawyer John E Deaton noted the immediate market impact.
CrediBULL Crypto, a popular XRP advocate, expressed optimism. He stated, “A long-standing top-three crypto doesn’t need paid promotions.” Skeptics accused him of being influenced by payment, but he defended his position by highlighting XRP’s legitimacy. XRP, one of the first three cryptocurrencies, doesn’t need paid advertising like some meme coins.
The end of the appeals resolves regulatory uncertainty. This move could led to XRP’s re-listing on major exchanges. Ripple had agreed to a $50 million settlement in April, ending a years-long lawsuit.Garlinghouse credited the shift in U.S.political leadership for the change.
With legal hurdles behind it, Ripple is focusing on growth. The company acquired Hidden Road for $1.25 billion and launched a stablecoin. This development could boost XRP’s adoption and regain its lost market position. Learn more about the settlement at CoinGecko.
