US EditionRipple Labs says US SEC ends appeal over crypto oversight
- The US Securities and Exchange Commission has officially dropped its lawsuit against Ripple, marking a significant moment for the cryptocurrency industry, according to Ripple CEO Brad Garlinghouse.
- XRP prices surged by over 12% following the announcement, with the price reaching $2.57.
- The SEC's decision is viewed as a major victory for Ripple and the cryptocurrency sector, which has faced numerous legal challenges in recent years.
- Garlinghouse referred to the SEC's drop of the appeal as 'a resounding victory for Ripple, for crypto, every way you look at it.
46 Articles
46 Articles
XRP soars 9% after Ripple CEO Brad Garlinghouse says SEC will drop appeal of judgement in lawsuit
The price of the cryptocurrency XRP soared minutes after Brad Garlinghouse, the CEO of Ripple, announced Wednesday morning that the Securities and Exchange Commission intended to drop a long-running lawsuit against the crypto payments company. XRP, which is closely associated with Ripple, jumped 10% to a high of $2.55 on the news. Bitcoin rose slightly above $84,000 before dipping after the news broke. “I’m finally able to announce that this cas…
Channel News Asia
Business TimesRipple Labs says US SEC ends appeal over crypto oversight
NEW YORK :Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator's prior chief had said would make it harder to oversee cryptocurrency markets.The SEC had been appealing a July 2023 decision by U.S. District Judge Analisa Torres in Man
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