On March 19, the US Securities and Exchange Commission (SEC) officially dropped its lawsuit against Ripple. The closure marked the end of a four-year long legal battle that had major implications for the crypto industry.
The XRP token reacted very positively to the news. As per Kraken's price feeds, it jumped to $2.56, reflecting a surge of 14.6% within 24 hours.
It was in December 2020 that the SEC charged Ripple with the alleged sale of unregistered securities. A court ruled in August 2023 that while the sale of XRP tokens to institutional investors violated securities laws, their sale to retail investors did not constitute a sale of securities. It was a partial victory for the company.
Now that Ripple has secured a complete victory, CEO Brad Garlinghouse called the SEC’s latest decision a "long-overdue surrender." He called it a defining moment for the future of crypto regulation in the country.
A popular crypto analyst posted on X (formerly Twitter) how much a trader must have made if they had invested $10,000 in XRP in 2016 and held it.
As per the estimate, the trader must have accumulated $2.74 million in February 2025 if they were a HODLer.
XRP hit its all-time high (ATH) of $3.40 on Jan. 7, 2018 amid a surge of initial coin offerings (ICOs). Since then, it could not cross the price mark of $3 until mid-January 2025 around Donald Trump's Presidential inauguration.
With President Donald Trump taking over the White House, the SEC has adopted a rather conciliatory approach to crypto. The regulator recently dismissed charges against Coinbase executives related to staking services and reached settlements with Gemini and Kraken.
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