SEC Lawsuit Closure: Ripple’s Win and Crypto’s Future

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Industry experts weigh in on what could be the impact on the crypto industry after the lawsuit’s conclusion.

Ripple CEO Brad Garlinghouse made a triumphant announcement on March 19, indicating that the US Securities and Exchange Commission had dropped its latest appeal in the legal case between the two entities, which essentially meant it had finally ended.

His statement was later confirmed by company CLO Stuart Alderoty, who explained that Ripple had also dropped its own appeal. Moreover, the company had to pay just $50 million, instead of the $125 million Judge Torres ruled or the $2 billion the SEC sought initially.

Garlinghouse described this as a win not only for his firm but the entire cryptocurrency industry, given the lawsuit’s significance and longevity. But is that really the case? We decided to ask a few industry experts for their opinion on the potential impact of the lawsuit’s closure.

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