The XRP price increases more than 13% as the SEC falls the cryptographic case against Ripple

• Ripple announced that the demand of the SEC against the company is over.
• Ripple Labs XRP cryptocurrency increased more than 13% in the news.
• It is another indicator of changing regulatory tides for cryptography under the Trump administration.

The US stock and values ​​commission. UU. Leaves its case against Ripple, the Blockchain firm that fell into regulatory sights for its issuance of the XRP cryptocurrency.

The case, presented by the SEC under President Joe Biden, said that XRP was unregistered security. The industry actors said that a victory by the regulator would have fundamentally rearranged the cryptographic space defining most tokens as values ​​under the scope of the SEC and force them to comply with the complete range of securities laws.

The CEO of Ripple, Brad Garlinghouse, announced the news in a video aware On Wednesday morning in X, citing that the update marks the end of a chapter in the recent history of the cryptographic market.

“A little over four years ago, the SEC of the United States filed its lawsuit against Ripple. I can finally announce that this case is over, it ended,” he said.

A SEC spokesman declined to comment.

Token XRP increased to 13.73% in the report, reaching a price of $ 2.54.

Under former president Gary GenslerThe case against Ripple was part of a larger regulatory effort to suppress the cryptographic industry through compliance actions. The cases also opened against exchanges such as Coinbase, Kraken and Binance.

After a district judge from the United States delivered Ripe a partial victory in 2023The agency appealed the decision.

Now, the regulator is dropping the case, marking a sea change for the cryptosphere and even more emphasizing Washington’s seriousness about becoming an ally of the industry.

The regulatory shifts began after President Donald Trump took office in January. The sec quickly Unknown demands of the Biden era and created a cryptographic working group to clarify the Securities Law in the digital asset space.

At the end of February, the agency abandoned a similar demand against coinbase. The actions of the Cryptocurrency exchange of the USA. UU. Increased by 3.12% in Ripple News.

Previously, encryption experts suggested that the delivery of the SEC of the Ondulation case could be indicative of a deeper regulatory change.

“If they abandon that appeal and make up with Ripple, that would be another different type of step, because they are then withdrawing specific theories that have tokens are values,” said Zack Shapiro, Chief of Policy of the Bitcoin Policy Policy Institute, to Business Insider in February.