XRP Update: SEC Eases Pressure – Ripple Achieves Significant Victory for Cryptocurrency

The US SEC has formally dismissed its lawsuit against Ripple Labs regarding XRP. As a result, the price of XRP is experiencing a recovery, although the overall outlook remains cautious. Ripple Labs Inc, an American blockchain payment company, is now liberated from the significant lawsuit initiated by the Securities and Exchange Commission in December 2020. In a video update posted on X by the company’s CEO, Brad Garlinghouse, he announced that the case has now officially concluded. This groundbreaking victory has shaken the wider cryptocurrency landscape, as the Ripple versus SEC lawsuit is viewed as the most significant case in the sector, setting a major precedent for the XRP dispute. According to Garlinghouse’s recent update on X, the legal action taken against the company represents the first significant setback for a major player in the cryptocurrency sector. He posted on August 31, 2021, highlighting that the SEC’s lawsuit signifies a change in the “unachievable standards of fair notice and due process.” Here we are – the time we’ve been anticipating. The SEC plans to withdraw its appeal, marking a significant triumph for Ripple and the entire cryptocurrency industry from every perspective. The outlook is promising. Let’s create something together.