In a massive development for the crypto industry, the US Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple. The firm’s CEO, Brad Garlinghouse, made this revelation about the Ripple lawsuit, which has sparked a massive surge in the XRP price.

US SEC Officially Drops Ripple Lawsuit

In an X post, Ripple CEO Brad Garlinghouse revealed that the US SEC had dropped the five-year-long Ripple lawsuit, which began in 2020. in his words, Garlinghouse said,

This is it. The moment we have 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.

The post Breaking: US SEC Officially Drops Ripple Lawsuit appeared first on CoinGape.

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