SEC will drop its appeal against Ripple, CEO Garlinghouse says

The United States Securities and Exchange Commission’s multi-year enforcement action against Ripple is finally coming to an end, according to the company CEO.“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,” Ripple CEO Brad Garlinghouse wrote on X on March 19.Source: Brad Garlinghouse“I’m finally able to announce that the case has ended; it’s over,” Garlinghouse said in the attached video to the X post.The end of a long-running legal battle between Ripple and the SEC comes four years after the US securities regulator sued the company over an alleged $1.3 billion unregistered securities offering in December 2020.Garlinghouse announces the news at the Digital Asset SummitGarlinghouse’s announcement on the end of the SEC-Ripple case came amid the Digital Asset Summit in New York.“Just a few minutes ago, right before I walked up here, I posted on X that we can now announce that the SEC is no longer pursuing their appeal in the Ripple case,” the CEO stated.Ripple CEO Brad Garlinghouse at the Digital Asset Summit 2025. Source: Cointelegraph“We’re now closing a chapter in crypto history,” Garlinghouse said in the video on X, adding that “it’s time to make the United States the crypto capital of the world.”“Ripple’s main message is about gratitude”In the statement, Garlinghouse praised the new SEC leadership and executive and legislative branches of the US government for “seeking a rational and constructive way forward on crypto.”The CEO emphasized that his main message is about gratitude, stating:“It’s gratitude to everyone who stood by us, to every Ripple employee, to the incredible legal team here at Ripple, led by the best chief legal officer in the business. To all the gratitude, certainly to the XRP family, to our customers, to our partners.”Data from Cointelegraph Markets Pro and TradingView show that the crypto market responded positively to the development.XRP price surged 10% following SEC’s backdown. Source: TradingViewMagazine: Classic Sega, Atari and Nintendo games get crypto makeovers: Web3 GamerThis is a developing story, and further information will be added as it becomes available.