XRP News Today: Ripple Ends SEC Legal Battle XRP Rallies 6.3%

Ripple's CEO, Brad Garlinghouse, announced that the company is dropping its cross-appeal against the U.S. Securities and Exchange Commission (SEC), marking the end of a prolonged legal battle that has significantly impacted the cryptocurrency market. This decision is expected to pave the way for XRP's full return to institutional adoption and major exchange listings, as the SEC is also anticipated to withdraw its own appeal.

Garlinghouse's announcement on X highlighted the closure of this legal chapter, allowing Ripple to focus on building the Internet of Value. The legal certainty brought by this resolution has had an immediate impact on the market, with XRP rallying from a low of $2.07 to $2.20 in the 24-hour period following the news. This price action reflects the market's anticipation of legal clarity, which has been a significant factor in XRP trading since 2020.

Crypto lawyer John E Deaton noted the market impact, stating that the legal proceedings that had overshadowed XRP trading were finally coming to an end. The resolution of the legal battle removes the final source of regulatory uncertainty that has affected XRP's institutional adoption and exchange listings. Several major exchanges had delisted or restricted XRP trading during the period of litigation, and the end of appeals is expected to reverse this trend.

Popular XRP advocate CrediBULL Crypto expressed optimism about the development, highlighting XRP's established market position. He contrasted XRP's legitimacy with the meme coin sector, noting that he has received numerous offers to promote meme coins but chooses to focus on established cryptocurrencies instead. This sentiment reflects the broader market's view that XRP, as one of the first three crypto coins ever created, does not need paid promotions to maintain its market position.

The end of the legal battle also allows Ripple to focus on growth and innovation. The company has recently acquired Hidden Road for $1.25 billion and launched a NYDFS-approved stablecoin. These developments, along with the resolution of the legal battle, position Ripple for significant growth in the cryptocurrency market. The shift in U.S. political leadership, with the Trump administration's SEC dropping several crypto-related lawsuits following industry donations, has also contributed to a more favorable regulatory environment for Ripple.

Critics have called this shift "crypto cronyism," while supporters view it as a move toward clearer regulation. Regardless of the perspective, the resolution of the legal battle and the focus on growth and innovation position Ripple for a significant role in the future of the cryptocurrency market. With legal uncertainty behind it, Ripple is well-positioned to reclaim its market position and continue building the Internet of Value.