After years of legal tussle, the SEC and Ripple finally ended their legal battle. Both parties dropped their charges and hoped to move on. As per Ripple’s legal representative, the decision was fueled by the belief that they could finally move on. Ripple is looking to expand, and this legal fiasco was the final frontier between it and its goal.
As CEO Brad Garlinghouse noted, the SEC, led by Gary Gensler, was on the wrong side of the law. However, the new administration is more focused on implementing more favorable crypto regulations. This will play a crucial role in shaping the future of Crypto in the USA.
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
— Stuart Alderoty (@s_alderoty) March 25, 2025
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
Ripple Rejuvenated
Ripple CEO Brad Garlinghouse has apparently agreed to dismiss the case and move on. This move could have a major impact on the overall scheme of things. Garlinghouse even suggested that the better ecosystem for crypto would allow the company to expand. As a result, sources suggest that the company is on the run to hire more people.
Image Source: Ripple CEO Brad Garlinghouse spoke to Liz Claman on The Claman Countdown, source: Fox Business
Garlinghouse also discussed Ripple’s acquisition of a crypto broker called Hidden Road. This will allow the company to grow its horizon across the US. The addition of Hidden Road will also make Ripple one of the largest non-bank prime brokers globally.
Therefore, Ripple could finally focus on other things since it does not have to worry about the legal battle with the SEC. This suggests that a new dawn is arriving.
