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Fortune

Marco Quiroz-Gutierrez

XRP jumps 7% after SEC drops charges against Ripple executives Garlinghouse and Larsen

SEC Ripple Christian Larsen Brad Garlinghouse XRP Bitcoin

(Credit: Illustration by Fortune)

XRP jumped after the Securities and Exchange Commission dropped a lawsuit against two executives from Ripple Labs, a crypto company with close ties to the token.

The coin saw its biggest single-day gain in three months following the news on Thursday, which sent it to a high of about 52 cents, up from 47 cents earlier in the day. The coin was still up more than 7% over 24 hours, at 51 cents, as of Friday, according to CoinGecko.

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