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Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially dismissed their appeals, ending a five-year legal battle. The resolution has sparked a 13% surge in XRP’s price, marking a significant victory for the crypto industry.
- The SEC and Ripple Labs have dismissed their appeals, ending a five-year legal battle over XRP's classification as a security.
- XRP's price surged 13% following the news, nearing its all-time high of $3.65.
- A 2023 court ruling found XRP sold on public exchanges was not a security, while institutional sales were unregistered securities.
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Other Tags: Analisa Torres, Chris Larsen, Gary Gensler, Jeremy Hogan, Stuart Alderoty, securities, Ripple Labs