The US Securities and Exchange Commission (SEC) announced it is dropping its case against Ripple Labs over its issuance of the XRP cryptocurrency. The move comes as regulatory tides shift under the Trump administration, which has taken a more industry-friendly approach to cryptocurrency regulation.
Ripple’s XRP token surged 13.73% in value, reaching $2.54, after the news broke. Industry experts say this development marks a significant shift in the way the SEC approaches cryptocurrency regulations.
The case was brought by President Joe Biden and claimed that XRP is an unregistered security. If won, it would have had far-reaching implications for the crypto space, forcing most tokens to comply with securities laws.
However, Ripple CEO Brad Garlinghouse announced the news, saying the case has ended – it’s over. The SEC declined to comment on the decision.
This development follows regulatory shifts initiated by President Donald Trump, who took office in January. The SEC dropped Biden-era lawsuits and created a crypto task force to clarify securities law in the digital assets space.
The move emphasizes Washington’s seriousness about becoming an ally to the industry and could be seen as a sign of a deeper regulatory shift. Crypto experts had previously suggested that the SEC’s handling of the Ripple case was indicative of such a shift, with experts now hailing it as a significant step forward for the crypto sector.
Source: https://www.businessinsider.com/xrp-price-sec-lawsuit-crypto-regulation-ripple-coinbase-trump-2025-3