The SEC has officially ended it's four year legal battle with Ripple, with CEO Brad Garlinghouse declaring it a significant victory for Ripple and the Cryptocurrency industry. Ripple not a security.
This development concludes with the SEC dropping it's appeal, marking XRP not as a security and potentially setting a precedent for future regulatory consideration in the crypto space.
With the SEC dropping its appeal, Ripple is now in the driver's seat and we’ll evaluate how best to pursue our cross appeal. Regardless, today is a day to celebrate this victory.
Big congrats to the Ripple holders