- Ripple CEO Brad Garlinghouse says the SEC will drop its appeal in the case against the XRP creator.
- XRP price jumped about 12% on the news and traded higher as the Ripple community celebrated.
Ripple’s CEO, Brad Garlinghouse, announced via X that the United States Securities and Exchange Commission (SEC) will drop its appeal in the lawsuit against the company. According to Garlinghouse, the SEC’s decision to withdraw the appeal represents a major victory for Ripple and the broader cryptocurrency ecosystem.
“This is it — the moment we’ve been waiting for. The SEC is going to withdraw its appeal — a resounding win for Ripple, for crypto, whatever your view,” Garlinghouse wrote on X.
He added,
“I can finally announce the matter is concluded, it’s over.”
XRP, the cryptocurrency at the center of the four-year legal battle, reacted strongly to the announcement. At the time of writing, XRP was trading around $2.52, up more than 12% over the past 24 hours. Most of that upside occurred after Garlinghouse’s post.
Ripple’s legal battle with the SEC comes to an end
Speculation that the SEC would withdraw its appeal against Ripple and bring an end to a case that has dominated crypto headlines for four years had grown intense in recent weeks. The mounting expectation reflected a broader regulatory environment in which several cryptocurrency-related enforcement actions were either settled or closed, prompting observers to anticipate similar outcomes in other matters.
Recent resolutions in cases involving major crypto firms such as Coinbase, Kraken and Gemini hinted that the SEC might be reassessing its posture. Those developments, combined with reports that the regulator was examining options regarding the Ripple appeal, fueled hopes within the industry. At the same time, negotiations over possible penalties — with Ripple’s legal team reportedly facing demands in the region of $125 million in fines in some accounts — complicated the final phase of the dispute.
On March 19, speaking at the Digital Asset Summit in New York, Garlinghouse publicly confirmed that the SEC would indeed discontinue its appeal. For the Ripple community and many market participants, that announcement marks an important turning point in the company’s long-running legal saga.
“Just a few minutes ago, right before I came on stage, I posted on X that we can now confirm the SEC is no longer pursuing their appeal in the Ripple case,” Garlinghouse told attendees at the summit.
While the SEC has not issued an official public statement confirming the move at the time of this report, traders and community members have already begun looking ahead to what a post-litigation era might mean for Ripple and the future development and adoption of XRP. The market reaction underlines how legal clarity can quickly influence sentiment and asset prices in the crypto sector.
With the appeal withdrawn, Ripple may shift focus back to product development, global partnerships and regulatory engagement. Industry observers will be watching closely for any official filings or statements from the SEC that formalize the end of the appeal, as well as for any related legal or procedural steps that could still affect the outcome. For now, Ripple’s supporters view this as a decisive moment that removes a major cloud of legal uncertainty and opens the door to renewed momentum for the project and its native token.