The protracted legal dispute between Ripple and the SEC has concluded, as declared by Ripple CEO Brad Garlinghouse. In a video statement, Garlinghouse reiterated the company’s stance that XRP is a digital asset, not a security. The news triggered a positive market response, with XRP experiencing a surge of over 10 percent on international exchanges on March 20th.
Garlinghouse framed the outcome as a victory for the crypto industry, stating the “war on crypto” had ended in defeat for those who sought to leverage government intervention against the technology and the sector as a whole. This marks a significant milestone for Ripple and the broader cryptocurrency landscape, potentially paving the way for greater regulatory clarity and fostering further innovation.
