The legal battle between Ripple and the US Securities and Exchange Commission (SEC) was one of the longest and most spoken crypto matters in recent years. In April 2024, Ripple CEO Brad Garlinghouse said that the SEC had agreed to drop the case – just as it had done with other cryptomabins.
In contrast to those other cases, however, the SEC has not officially confirmed that it will end the Ripple right case. Yet many in the XRP community are already celebrating, thinking that the matter is over.
But a pro-XRP lawyer warned that it has not yet been completed. He explained that a few legal steps still have to take place before it is really ready.
Ripple’s Chief Legal Officer, Stuart Alderoty, recently expressed himself and asked why the SEC brought the case in the first place. He said that the SEC has now dropped every crypto case in the US, including the profession against Ripple.
Alderoty explained that the SEC admitted that it could not take legal steps without first explaining the rules regarding crypto clearly. Because there were no clear laws for crypto in the US, the things of the SEC did not last.
Now Ripple wants to move forward – focus on things, working with the congress and creating honest rules for crypto. Their goal is to protect consumers, to keep bad actors out and to support innovation in the industry.
In other news, Ripple has announced that it will stop publishing his regular quarterly reports on XRP. The company said it made this decision because the SEC the transparency efforts of Ripple used it during their legal battle.
In the Q1 2025 report, Ripple explained that it started the reports to be open about his XRP companies and to share information that few other crypto companies offered. However, Ripple now says that those efforts did not work as planned and actually turned against them – especially by former SEC leaders.