Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
crypto.news 2025-03-19 13:28:27

‘The SEC was the market manipulator’: SEC drops case against XRP, CEO claims

‘The SEC was the market manipulator’: SEC drops case against XRP, CEO claims

Ripple CEO Brad Garlinghouse has announced that the U.S. Securities and Exchange Commission is dropping its appeal in the long-running legal battle over XRP. The case, which began in December 2020, accused Ripple of selling XRP ( XRP ) as an unregistered security. In a statement posted on X, Garlinghouse called the lawsuit a failed attempt by the SEC to regulate the crypto industry through enforcement. He described the case as “doomed from the start” and framed it as part of a broader government effort to “pick winners” in the crypto space. This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm — Brad Garlinghouse (@bgarlinghouse) March 19, 2025 He also noted that Ripple’s legal battle set a precedent, paving the way for clearer regulatory guidelines. Ripple had previously won a partial victory when a U.S. judge ruled that XRP was not a security in secondary market sales. However, the court also found that sales to institutional investors violated securities laws. While the SEC initially signaled its intention to appeal, it has now decided to drop the case entirely, Garlinghouse said. The SEC has not officially confirmed this news. You might also like: XRP holders rush to XRPTurbo, the hot new altcoin on Ripple’s blockchain SEC harmed investors Garlinghouse criticized the SEC’s approach under Chairman Gary Gensler, arguing that the regulator harmed investors rather than protecting them. He pointed to the $15 billion in market value that was wiped out when the SEC first filed the lawsuit, calling the regulator a “market manipulator.” The case has been closely watched as a key legal battle for the crypto industry. Ripple’s victory could influence how regulators approach digital assets in the future. Garlinghouse spoke to the larger crypto world in general, saying that this outcome is a step toward making the U.S. a more favorable environment for crypto innovation. XRP spiked on the news and is currently trading at $2.55. You might also like: Czech central bank official skeptical on Bitcoin reserves amid legal, volatility concerns

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
142
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.