Key dealers
- SEC has officially lost its trial against Ripple and ended a four -year legal battle.
- The result has confirmed that XRP is not regarded as a security under the current law.
The US Securities and Exchange Commission has lost its trial against Ripple and completed a four -year legal battle, Ripple CEO Brad Garlinghouse announced today.
This is it – the moment we have been waiting for. SEC will release its appeal – a resounding victory for Ripple, for Crypto, in every way you look at it.
The future is light. Let’s build. pic.twitter.com/7wsd0c92cm
– Brad Garlinghouse (@bgarlinghouse) March 19, 2025
“I can finally announce that this case has ended.
The atmosphere, which Garlinghouse described as “the first major shot shot in the war against crypto”, resulted in about $ 15 billion in losses for XRP holders. Rippel CEO emphasized that the company secured victories at important legal points, “proves that the digital asset XRP is not a security.
Former SEC chairman Mary Jo White publicly stated that the agency was “dead wrong” in her decision to persecute the case, according to Garlinghouse. He criticized Sec under Chairman Gary Gensler’s leadership and stated that they “went after the entire industry with the same argument they used against us.”
During the procedure, Sec met legal criticism and sanctions for the discovery of discovery, where the judge disputes the agency for lacking “faithful faith against the law,” Garlinghouse noted.
“This is a martial art that never wanted, but one we knew we had to win.
The resolution comes when new leadership in the executive and legislative branches try to establish a regulatory framework for crypto assets in the United States, according to Garlinghouse, which required to make US “Crypto Capital of the World.”
Story in development.
