After more than four years, the US Securities and Exchange Commission is discontinuing its proceedings against Ripple in the XRP lawsuit. The announcement by CEO Brad Garlinghouse on X—stating “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”—has generated waves of optimism among XRP supporters.
Although attorney Jeremy Hogan noted that Ripple can still take a range of actions, the consensus among market participants is that this development dispels a massive victory for Ripple. Hogan remarked that it is still unclear if Ripple agrees to drop the appeal. He added that there are 4 possibilities left:
a. Ripple
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