Ripple’s Victory as SEC Drops Appeal: Celebrate with Bitrue's Staking Pool to Get 5% APY!

Ripple Labs has emerged victorious in its prolonged legal battle against the U.S. Securities and Exchange Commission (SEC), marking a significant moment for both the company and the broader cryptocurrency industry.

Ripple CEO Brad Garlinghouse confirmed on March 19 that the SEC had officially decided to drop its appeal, bringing an end to the four-year-long dispute.

A Long-Awaited Win for Ripple and Crypto

Garlinghouse announced the news in a video posted on his X account, stating, "I'm finally able to announce that this case has ended. It's over. Today is a victory and a long-overdue surrender from the SEC."

The lawsuit, which began in December 2020, accused Ripple of raising $1.3 billion through unregistered XRP sales.

However, after years of litigation, Ripple secured a crucial legal win in August 2024 when a federal New York judge ruled that XRP’s "programmatic sales" on secondary markets did not constitute securities transactions.

While the court upheld a $125 million penalty for institutional sales, this amount was significantly lower than the SEC’s initial demand of nearly $2 billion.

SEC’s Shift in Stance

Although the SEC has yet to make a formal announcement, sources indicate that the decision to drop the appeal is subject to an internal Commission vote and approval.

A Ripple spokesperson noted that the official withdrawal of the case could take "several weeks" and remains under the SEC’s control.

The legal battle had been closely watched, as a victory for the SEC could have had far-reaching consequences for the classification of cryptocurrencies as securities versus commodities.

However, the regulatory landscape shifted significantly following the 2024 U.S. elections and the subsequent departure of former SEC Chair Gary Gensler.

Under the leadership of Acting Chair Mark Uyeda, the agency has taken a less aggressive stance toward the crypto industry, dropping enforcement actions against major exchanges such as Coinbase and Kraken.

Ripple’s Legal Standing Strengthened

Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized the importance of this victory, stating, "With the SEC dropping its appeal, Ripple is now in the driver’s seat, and we’ll evaluate how best to pursue our cross-appeal. Regardless, today is a day to celebrate this victory."

The ruling also strengthens Ripple’s position within the cryptocurrency space, reinforcing the legitimacy of digital assets and setting a legal precedent that could influence future regulatory frameworks.

Reports suggest that the SEC’s new leadership may even consider classifying XRP as a commodity rather than a security, which could redefine digital asset regulations in the U.S.

XRP Price Surge and Market Reaction

Following the announcement, XRP surged by over 8.37%, reaching a high of $2.5073, according to Bitrue data. The token has already gained more than 200% in recent months, solidifying its status as one of the best-performing digital assets.

The news of the SEC’s withdrawal has also sparked excitement across the crypto community, with industry experts viewing it as a crucial step toward clearer and more favorable regulations for blockchain innovations.

Bitrue’s XRP Staking Pool Offers High Returns

With the renewed optimism surrounding XRP, crypto investors have sought ways to maximize their holdings. One notable opportunity is Bitrue’s XRP staking pool, which offers attractive annual percentage yields (APY) for XRP holders.

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2. 3-day staking period with 20% APY for new users.

3. XRP investment in Power Piggy, providing a baseline rate of 1.2% APR, which can be boosted up to 1.4% for BTR holders, with no lockup period and daily interest payouts.

4. XRP can be used as collateral in Bitrue’s Loans service, providing additional flexibility for investors.

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6. Futures trading with XRP paired against USDT for those interested in leveraged trading.

Bitrue’s staking pool provides an excellent way for XRP investors to earn passive income while benefiting from the token’s bullish momentum.

Conclusion: A New Era for Crypto Regulation

The conclusion of the Ripple case represents more than just a legal victory—it signifies the end of an era where regulatory uncertainty hindered innovation and investment in the cryptocurrency space.

With Ripple’s victory setting a precedent, the industry has a clearer foundation for growth, increased investment, and broader adoption of blockchain technology worldwide.

As the legal dust settles, Ripple and the XRP community celebrate not just a win for themselves but for the entire crypto industry, paving the way for a more transparent and innovation-friendly regulatory environment.