XRP Price Surges After Ripple CEO Says the SEC Has Dropped Its Case. Bitcoin Is Also Rising. -- Barrons.com

Dow Jones

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By George Glover

XRP was soaring Wednesday after the CEO of Ripple Labs said that the Securities and Exchange Commission had dropped its long-running case against his company.

The token, which is used to facilitate and settle transactions on Ripple's digital-payments platform, surged 13% to just under $2.56, according to data from the crypto exchange Kraken.

XRP was racking up gains after Ripple CEO Brad Garlinghouse said in a video clip posted on X that the SEC had dropped its case against Ripple, bringing an end to a legal battle that dragged on for more than four years.

"Ripple is the first company with the resources, determination, and grit to fight back against the agency's overreach," Garlinghouse said. "Today this journey finally concludes. Today is a victory and a long-overdue surrender by the SEC."

The SEC didn't immediately respond to a request for comment from Barron's.

In 2020, the agency charged Ripple with selling an unregistered security. In August, a federal judge ordered Ripple to pay $125 million for violating investor-protection laws, way below the $2 billion the SEC had sought. The SEC filed the opening brief in its appeal in January but Garlinghouse said Wednesday that the agency has now dropped the appeal.

Other cryptocurrencies were also rising Wednesday. Bitcoin climbed 2.2% to $84,096, and Ethereum was up 6.6% to $2,031.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 19, 2025 10:33 ET (14:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Today is a victory and a long-overdue surrender by the SEC.\" \n</p>\n<p>\n     The SEC didn't immediately respond to a request for comment from Barron's. \n</p>\n<p>\n     In 2020, the agency charged Ripple with selling an unregistered security. In August, a federal judge ordered Ripple to pay $125 million for  violating investor-protection laws, way below the $2 billion the SEC had sought. The SEC filed the opening brief in its appeal in January but Garlinghouse said Wednesday that the agency has now dropped the appeal. \n</p>\n<p>\n     Other cryptocurrencies were also rising Wednesday. Bitcoin climbed 2.2% to $84,096, and Ethereum was up 6.6% to $2,031. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2025 10:33 ET (14:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XRP Price Surges After Ripple CEO Says the SEC Has Dropped Its Case. 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Bitcoin Is Also Rising. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-19 22:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  XRP was soaring Wednesday after the CEO of Ripple Labs said that the Securities and Exchange Commission had dropped its long-running case against his company. \n</p>\n<p>\n     The token, which is used to facilitate and settle transactions on Ripple's digital-payments platform, surged 13% to just under $2.56, according to data from the crypto exchange Kraken. \n</p>\n<p>\n     XRP was racking up gains after Ripple CEO Brad Garlinghouse said in a video clip posted on X that the SEC had dropped its case against Ripple, bringing an end to a legal battle that dragged on for more than four years. \n</p>\n<p>\n     \"Ripple is the first company with the resources, determination, and grit to fight back against the agency's overreach,\" Garlinghouse said. \"Today this journey finally concludes. Today is a victory and a long-overdue surrender by the SEC.\" \n</p>\n<p>\n     The SEC didn't immediately respond to a request for comment from Barron's. \n</p>\n<p>\n     In 2020, the agency charged Ripple with selling an unregistered security. In August, a federal judge ordered Ripple to pay $125 million for  violating investor-protection laws, way below the $2 billion the SEC had sought. The SEC filed the opening brief in its appeal in January but Garlinghouse said Wednesday that the agency has now dropped the appeal. \n</p>\n<p>\n     Other cryptocurrencies were also rising Wednesday. Bitcoin climbed 2.2% to $84,096, and Ethereum was up 6.6% to $2,031. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2025 10:33 ET (14:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1611","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2520134046","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520134046","pubTimestamp":1742394780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"XRP was soaring Wednesday after the CEO of Ripple Labs said that the Securities and Exchange Commission had dropped its long-running case against his company.The token, which is used to facilitate and settle transactions on Ripple's digital-payments platform, surged 13% to just under $2.56, according to data from the crypto exchange Kraken.XRP was racking up gains after Ripple CEO Brad Garlinghouse said in a video clip posted on X that the SEC had dropped its case against Ripple, bringing an end to a legal battle that dragged on for more than four years.\"Ripple is the first company with the resources, determination, and grit to fight back against the agency's overreach,\" Garlinghouse said. \"Today this journey finally concludes. Today is a victory and a long-overdue surrender by the SEC.\". In 2020, the agency charged Ripple with selling an unregistered security. In August, a federal judge ordered Ripple to pay $125 million for  violating investor-protection laws, way below the $2 billio","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","03439":"嘉实比特币","BK4588":"碎股","03008":"博时比特币","BK4585":"ETF&股票定投概念","09439":"嘉实比特币-U","BK4601":"加密货币现货ETF","03042":"华夏比特币","09008":"博时比特币-U","09042":"华夏比特币-U"},"translate_title":"Ripple首席执行官表示SEC已撤销案件后，XRP价格飙升。比特币也在崛起。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1},"content_text":"By George Glover \n\n\n  XRP was soaring Wednesday after the CEO of Ripple Labs said that the Securities and Exchange Commission had dropped its long-running case against his company. \n\n\n     The token, which is used to facilitate and settle transactions on Ripple's digital-payments platform, surged 13% to just under $2.56, according to data from the crypto exchange Kraken. \n\n\n     XRP was racking up gains after Ripple CEO Brad Garlinghouse said in a video clip posted on X that the SEC had dropped its case against Ripple, bringing an end to a legal battle that dragged on for more than four years. \n\n\n     \"Ripple is the first company with the resources, determination, and grit to fight back against the agency's overreach,\" Garlinghouse said. \"Today this journey finally concludes. Today is a victory and a long-overdue surrender by the SEC.\" \n\n\n     The SEC didn't immediately respond to a request for comment from Barron's. \n\n\n     In 2020, the agency charged Ripple with selling an unregistered security. In August, a federal judge ordered Ripple to pay $125 million for  violating investor-protection laws, way below the $2 billion the SEC had sought. The SEC filed the opening brief in its appeal in January but Garlinghouse said Wednesday that the agency has now dropped the appeal. \n\n\n     Other cryptocurrencies were also rising Wednesday. Bitcoin climbed 2.2% to $84,096, and Ethereum was up 6.6% to $2,031. \n\n\n     Write to George Glover at george.glover@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2025 10:33 ET (14:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0}}}