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Brad Harlinghaus, CEO of Ripple, speaks at the Milken -Institute Milken Institute in Bverly -Hills, California, USA, May 4, 2022 at the World Conference.
Mike Blake | Reuters
It seems that the long -standing Crusade of the Securities and Exchange Commission against the Crusade.
Last section closed on Wednesday when Ripple announced that SEC officially abandoned its four -year lawsuit against the company. A lawsuit filed on the last day Jay Clayton as chairman SEC, accused of Ripple Having collected 1.3 billion dollars by selling its token XRP without registering it as security.
Crypto -Company and Exchange BaseKraken, MarvelousBinance and Opensea had previously considered lawsuits or the fallen investigations, decided or stopped. Now Ripple takes the Victory Circle.
“Ripple stands alone as a company that reflected – and won basic legal issues – throwing the main wrench in the SEC plans to destroy the crystorm in the US through forced execution,” said Ripple CEO Stewart Aldroto in an e -mail message. “Now the SEC has abandoned its attractiveness in our case. In the right irony, Ripple became the first main thing they took, and now it will be the last they will leave.”
XRP was created in 2012 as one of the first cryptocurrencies that are not included in bitcoin. It was started by the founders of the company Ripple and became the native currency of the platform. Like Bitcoin, XRP can buy and sell retail investors. XRP After the announcement on Wednesday, approximately 11%jumped up.
Ripple spent $ 150 million, fighting the government as a result of the legal confrontation with former SEC chairman Gary Gensle, whose approach to the cry was widely seen as hostile. In July 2023Federal Judge has ruled that XRP is “Not necessarily security on the face”, insufficient basis of the SEC case.
The victory was not just a turning point for Ripple. This signals about the crypto -industry that the tide turned, and created the impetus for the movement that helped return President Donald TrumpFormer critic Krypto, to the White House. A year after Judge Trump’s ruling as a republican nominee acted with principal At the annual Bitcoin conference, he announced that “my plan to ensure that the United States becomes the capital of the planet and the superpowered Bitcoin world.”
Pulp and his krypto -one -year Main participants to Trump’s company. The president spent his first two months in office, paying them back.
New guide
On Friday SEC took its first major cry roundsignaling about a new approach to regulating through employment rather than execution. The leading effort is Hester Perso, which storms the recently created crystal operative group.
Persian message to this industry is that the SEC is no longer an enemy, and instead tries to give the cry a clear, legitimate basis.
In a major turning policy, SC canceled The 121 accounting bulletin is a controversial rule that the banks required the Crypto -Association as an obligation on their balances. Introduced in 2022 and stands for Gensler, the rule was widely considered as the main barrier for the institutional adoption of bitcoin and other digital assets.
“Goodbye, SAB 121! It wasn’t fun,” Pers wrote in a message on x After the changes were announced in January.
At the World Economic Forum in Devos, Switzerland this month, heads of directors from Goldman Sachs. Morgan Stanleyand Bank of America gave the sign that the thaw in Washington could lead to recovers Crypto interaction.
US President Donald Trump is sitting next to Crypto Czar David Sacks at the White House Crypto Summit in Washington, Colombia County, March 7, 2025.
Evelyn Hokstein | Reuters
And at the White House, David Sax, Ah Trump and Krypto, stood next to the president when he signed Executive order on digital assets. Sax recently attended by Krypto ball As part of the inauguration, where he stated, “the Crypt’s War is over.”
Coinbase’s The lawsuit was rejected In February. Then came Crane. Sec distracted back From their Wales, they noticed against the crypto -Division of the Robbing. The binance investigation is ongoing hold.
Ripple’s legal team has long claimed that the SEC strategy was not to comply with the law, but to use it as stupid tools. The regulator sent a summons to foreign regulators who worked with Ripple, demanded grass documents from business partners and even are suing the court to court CEO Brad Harlinghaus and co -founder Chris Larsen personally. These charges were also dropped.
“As long as this section is closed, the fight for clear, fair and transparent regulation is ongoing,” said Olderoi CNBC. “Ripple will still lead this fight.”
