The United States Securities and Exchange Commission’s multi-year enforcement action against Ripple is finally coming to an end, according to the company CEO.
“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,” Ripple CEO Brad Garlinghouse wrote on X on March 19.
Source: Brad Garlinghouse
“I’m finally able to announce that the case has ended; it’s over,” Garlinghouse said in the attached video to the X post.
The end of a long-running legal battle between Ripple and the SEC comes four years after the US securities regulator sued the company over an alleged $1.3 billion unregistered securities offering in December 2020.
Garlinghouse announces the news at the Digital Asset Summit
Garlinghouse’s announcement on the end of the SEC-Ripple case came amid the Digital Asset Summit in New