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International Business Times

Business

Marvie Basilan

$XRP Surges 10%, Outperforms Crypto Market After Ripple CEO Reveals SEC Case Has Ended

Ripple SEC Crypto Brad Garlinghouse XRP Anthony Scaramucci Gary Gensler Brian Armstrong Stuart Alderoty CoinGecko

$XRP saw a significant spike Wednesday night after Ripple's CEO announced the SEC will drop the appeal in its lawsuit against the company. (Credit: IBTimes US)

KEY POINTS

Garlinghouse said the SEC's case against Ripple 'has ended' although a Commission vote is pending
He reminisced how Ripple was the first crypto firm to 'fight back against the agency's overreach'
Crypto leaders congratulated Ripple for its legal win and $XRP skyrocketed above $2.50

XRP prices skyrocketed Wednesday night after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC), under new leadership, has decided to drop its appeal in its case against the fintech firm overseeing the XRP Ledger's development.

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