SEC Drops Ripple Lawsuit After Four Years—A Landmark Crypto Victory

SEC Ends Its Legal Battle with Ripple

After more than four years of litigation, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple, marking a significant victory for the crypto industry.

The lawsuit, which resulted in approximately $15 billion in losses for XRP holders, is now over, according to Ripple CEO Brad Garlinghouse, who announced the resolution on March 19 via X

“I’m finally able to announce that this case has ended. It’s over.”

Garlinghouse reflected on the battle, calling it “doomed from the start” and emphasizing that Ripple has now cemented its legal victory in U.S. regulatory history.

Ripple’s Win Sets a Major Legal Precedent

The SEC’s decision to drop the lawsuit comes as the agency—under Acting Chairman Mark Uyeda—reevaluates its approach to crypto regulation.

• The SEC has recently withdrawn from over 10 enforcement cases, including those against Coinbase, Uniswap Labs, and Kraken.

• The regulator was reportedly considering reclassifying XRP as a commodity, much like Ethereum.

Garlinghouse believes that today’s resolution is not just a win for Ripple, but for the entire crypto industry:

“This is a victory and a long overdue surrender by the SEC. They weren’t out to protect investors. They were out to intimidate and terrorize.”

XRP’s Legal Status: Not a Security

Garlinghouse reaffirmed that the court’s ruling, which determined XRP is not a security, is now law.

“We won on every critical legal point, proving that XRP is not a security. That is now the law.”

This decision sets a precedent that could influence future crypto regulations and policy frameworks in the U.S., potentially providing clarity for other blockchain projects.

The War on Crypto is Over

The Ripple CEO declared that today’s victory marks “the end of the war on crypto”, calling for unity within the industry to move forward in a constructive and collaborative manner. 

• Pro-crypto momentum is growing, with political victories and new leadership taking a more favorable stance on digital assets.

• Garlinghouse urged the industry to “leave the tribalism behind” and work together to position the U.S. as a leader in global crypto innovation.

• He thanked Ripple employees, legal teams, and the XRP community for their support in the case.

“We couldn’t have won this battle without all of you.”

XRP Surges 10% After the Announcement

Following the news, XRP jumped over 10%, rising from $2.30 to $2.50. With regulatory clarity now established, the crypto market is watching to see how this landmark legal victory shapes the future of digital assets in the U.S.