Ripple Says SEC Has Dropped Its XRP Lawsuit, Ending a Years-Long Fight Over Crypto Regulation

Benzinga

Ripple announced that the Securities and Exchange Commission has officially dropped its lawsuit accusing the company, according to CNBC. The lawsuit accused the company of raising over $1 billion through XRP sales without registering them as securities. The dismissal follows a wave of resolved or dropped SEC actions involving Coinbase, Kraken, Robinhood, Binance, and OpenSea. The SEC is shifting from enforcement to engagement under the Trump administration.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Ripple announced that the Securities and Exchange Commission has officially

00:05dropped its lawsuit accusing the company, according to CNBC.

00:08The lawsuit accused the company of raising over $1 billion

00:11through XRP sales without registering them as securities.

00:15This missile follows a wave of resolved or dropped SEC actions

00:19involving Coinbase, Kraken, Robinhood, Binance, and OpenSea.

00:23The SEC is shifting from enforcement to engagement under the Trump administration.

00:27For all things money, visit Benzinga.com.

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