XRP Surges as Ripple CEO Garlinghouse Signals End to SEC Dispute

Description

XRP rallied more than 3% on Friday after Ripple Labs CEO Brad Garlinghouse announced the company is dropping its cross-appeal against the US Securities and Exchange Commission (SEC). Key Takeaways: XRP surged after Ripple’s CEO announced plans to drop the cross-appeal against the SEC. A federal court recently denied Ripple and the SEC’s bid to reduce a $125 million penalty. Ripple’s legal team emphasized that XRP’s status as not a security remains unchanged, easing investor concerns. “Ripple is ...