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The Independent UK
The Independent UK
National
Elaine Kurtenbach

XRP jumps 8% after Ripple's CEO says SEC has dropped its case against the crypto currency

SEC Ripple Donald Trump Crypto XRP Cryptocurrency Brad Garlinghouse Joe Biden United States
Trump - (ASSOCIATED PRESS)

The price of XRP jumped more than 8% Thursday after the CEO of cryptocurrency company Ripple said U.S. regulators have dropped its four-year-old case against the company.

The Securities and Exchange Commission sued Ripple and two of its executives in late 2020 after they raised $1.4 billion by selling XRP crypto coins.

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