SEC Drops Crypto Cases: Ripple's XRP Soars
The U.S. Securities and Exchange Commission (SEC) has ended its enforcement cases against crypto companies, marking a significant shift in regulatory approach. Ripple's chief legal officer, Stuart Alderoty, confirmed the news, which comes after years of legal battles.
The decision, announced by SEC Chair Paul Atkins, signals a more flexible and experimentation-friendly attitude from U.S. authorities. Alderoty linked this move to broader political and regulatory reforms. The closure of cases will allow Ripple to save on legal fees and reduce uncertainty, accelerating the commercial launch of products.
In the 24 hours prior to the announcement, XRP saw a trading volume of around $10 billion. On October 8, 2025, XRP was trading around $2.50, with a market cap of approximately $140 billion. Markets reacted swiftly to the news, with XRP's price rising and trading volumes increasing.
The SEC's decision removes significant legal uncertainty for Ripple and some industry operators. It may attract startups back to the U.S. market, increase institutional investment, foster innovation, and improve market trust. The reduced regulatory burden aligns regulation more with stock market realities and less with consumer protection emphasis.
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