THE Safety and trade commission (Dry) the case against Ripple concluded, according to the CEO of this company.
In a job Wednesday (March 19) on X, Brad Garlinghouse wrote that the Commission had abandoned its call in its case against the Company blockchain, the last in a series of efforts to apply the cryptocurrency canceled by the regulator since President Donald Trump took office.
That’s it – the moment when we were waiting for. The dry will abandon its appeal – a resounding victory for Ripple, for the crypto, all the ways you look at it.
The future is brilliant. Let’s build. pic.twitter.com/7wsd0c92cm
– Brad Garlinghouse (@bgarlinghouse) March 19, 2025
“That’s it – the moment we were waiting for,” Garlinghouse wrote. “The dry will abandon its appeal – a resounding victory for Ripple, for the crypto, all the ways you look at it.”
A SEC spokesperson refused to comment when he is reached by Pymnts.
The SEC continued Ripple in 2020, alleging that the company had violated the regulator’s rules by selling its XRP digital token without recording it as guarantee. But in June 2023, a judge judged that XRP was only covered by securities laws when it was sold to institutional investors.
Since then, Ripple has made the victory trumpet after a victory in the case, first when the SEC withdrawn the accusations against its leaders, then when the judge in the case inflicted a fine of $ 125 million, well below the 2 billion dollars sought by the Commission.
It was this decision, made last year, that the dry said it would appeal. Then Trump became president and Washington’s attitudes towards the cryptography sector have changed.
In recent weeks, the SEC has rejected business or a break or surveys on some of the most prominent companies with the space of digital assets. This includes prosecution against cryptographic giants Jamming And Binance – continued within 24 hours of each other in the summer of 2023 – as well as potential legal action against Robin.
In another sign of the evolution of the landscape of cryptography, the SEC said earlier this week that it was a proposed rule that would extend the requirements of guarding the advisers in placement to the crypto.
President of the dry Mark T. Uyeda Surprised before the Institute of Investment Companies Monday, March 17 and declared that the regulator was working with the working group on the cryptography of the White House to examine alternatives to this proposal, in particular by removing it entirely.
“With regard to the safeguard proposal, commentators have expressed significant concern to the general extent of the safeguarding rule proposed for investment advisers, which would extend childcare requirements to almost all assets, including crypto,” said Uyeda.
The SEC proposed to develop the rules for keeping advisers in investment in cryptographic assets in February 2023, claiming that they would expand the rules of customer funds and titles to all the assets of customers held by an investment advisor, ensuring that the qualified guards maintain the assets of separate and protected customers in the event of insolvency of the goalkeeper.
Gary Gensler, president of the SEC at the time, said that the Congress had given the power of the Commission to extend the guard rule to apply to all assets, not just funds or titles.
