Ripple's five-year lawsuit finally comes to an end! SEC jointly withdraws the lawsuit, XRP big pump breaks through 3 dollars, long-term coin holders reap substantial profits.

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their nearly five-year legal battle, with both parties submitting a "Joint Motion to Dismiss" to the U.S. Second Circuit Court of Appeals, marking the complete end of the core lawsuit regarding whether Ripple (XRP) is classified as a security (Case No.: 24-2648(L) and 24-2705(XAP)). Driven by this significant Favourable Information, the price of XRP surged dramatically, breaking through $3, with over 80% of wallets holding the coin for more than a year, leading to substantial profits for long-term investors. This article analyzes the details of the settlement, the future trends of XRP, and the far-reaching impact on the regulatory environment for Crypto Assets.

( Five-Year Litigation Finale: SEC and Ripple Reach Comprehensive Settlement ) According to legal documents submitted to the U.S. Court of Appeals for the Second Circuit, the SEC and Ripple "have reached a principled agreement (subject to final approval by the SEC Commission) to resolve the underlying litigation case." Attorneys for both parties (representing Ripple, CEO Brad Garlinghouse, co-founder Christian A. Larsen, and the SEC) have signed a joint motion to dismiss, confirming the withdrawal of all appeals. This lawsuit, which began in December 2020, was initiated when the SEC accused Ripple of conducting an unregistered securities offering by selling XRP. In 2023, the U.S. District Court for the Southern District of New York made a key ruling, determining that XRP does not constitute a security in secondary market sales, winning Ripple a partial victory, and this appeal dismissal marks the final conclusion of the case.

(XRP regulatory status has finally been clarified, with far-reaching implications for the industry) With the withdrawal of the appeal, the litigation risk regarding the regulatory status of Ripple and XRP at the federal level has been completely eliminated. This ongoing turbulent lawsuit that lasted nearly five years has had a huge impact on the Crypto Assets industry. This outcome is expected to significantly affect the treatment of other tokens under U.S. securities law, providing an important reference case for the developing cryptocurrency regulatory framework, and is seen as a positive signal for the regulatory environment of Crypto Assets.

(XRP price skyrockets, confidence in holding coins remains strong) The settlement news is a significant favourable information for XRP. After the announcement, the price of Ripple soared sharply, strongly breaking through the $3 mark, fully reflecting a significant improvement in investor sentiment and optimistic expectations for the future prospects of XRP as a crypto asset investment. On-chain data analysis from Glassnode shows that over 80% of the XRP supply is stored in wallets that have been inactive for more than a year, proving that long-term holders have extremely strong confidence. Currently, long-term holders are in a profitable state, while short-term investors are cautiously increasing their positions, expecting XRP prices to rise further.

( Market Catalysts: Expansion of Japanese Application Scenarios ) Another potential catalyst driving the rise in XRP prices is the expansion of its actual application scenarios. In Japan, Aplus, a credit card company under Shinsei Bank, has partnered with SBI VC Trade to allow customers to exchange credit card points for XRP, Bitcoin, and Ethereum, providing significant support for XRP as a crypto asset use case. As of the time of writing, XRP is trading around $3.27 (approximately 23.7 RMB). Considering the bullish sentiment prevalent on social media platform X (formerly Twitter) after the conclusion of the SEC lawsuit, the price of XRP is expected to break new highs in the short term, bringing more returns to XRP investors.

Conclusion: The clouds of regulation have lifted, XRP begins a new chapter The complete resolution of the SEC vs. Ripple lawsuit not only lifted a heavy legal burden off Ripple Labs, but more crucially clarified the non-security status of XRP in secondary market transactions, setting a milestone case for the entire crypto assets industry. The immediate surge in XRP price and the high proportion of long-term holding data confirm the market's strong positive reaction to the alleviation of regulatory risks and investors' recognition of Ripple's coin value. The innovative application of redeeming XRP in the Japanese market showcases its practical value beyond speculative attributes. Looking ahead, as regulatory uncertainties are eliminated and application scenarios continue to expand, XRP is expected to attract more institutional and individual investors' crypto assets allocation, opening a new phase of value discovery. The settlement of this case also provides a reference for other blockchain projects facing similar regulatory challenges and may become a key turning point in pushing towards clearer cryptocurrency regulation in the United States.

XRP-3.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)