XRP, the cryptocurrency by Ripple, surged nearly 7% as news broke of the SEC dropping its longstanding legal complaint against the company. Ripple CEO Brad Garlinghouse celebrated this momentous victory, which culminated a four-year battle with the SEC, which had accused Ripple of selling XRP as an unregistered security. Though XRP still falls short of its all-time high of $3.84, this news invigorated investors and led to increased trading activity, particularly on Binance, showcasing the resilience of those who held onto their investments despite significant price fluctuations in the past.
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 has been battling the SEC in court for the better part of four years, when the securities watchdog first targeted the blockchain company.
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