Ripple SEC Lawsuit XRP Ban
If you are into digital currency and all that stuff, then you must have heard of the Ripple SEC Lawsuit XRP Ban thing going on in the headlines and mainstream media lately, right? Well, for those who literally have no idea what it is, well, just know that Ripple is a tech company that created the XRP Ledger, which is more like a digital system mainly used for sending money quickly and easily across borders. So yes, it is a new payment system, in a way. And the XRP is actually the currency that is used in this system, that is why you can take it like a digital coin or crypto or something like that.
But sure enough, looking at how fast things were going with this XRP Ledger system, there were so many people who weren’t that happy about it all, so they filed a lawsuit against the Ripple company, and that was the start of this Ripple SEC lawsuit. That was back in 2020, though.
How Did Ripple Get Into Trouble With the SEC?
Well, the people who weren’t too happy about the XRP thing, well, that was mainly the U.S. Securities and Exchange Commission (SEC), which sued Ripple back in late 2020. It wasn’t all random, though, you see, the SEC went on to say that Ripple raised a mind-boggling amount of funds (about $1.3 billion) by selling XRP. So? Like, what’s the problem? Well, the thing is, the SEC says that Ripple is using its own digital currency as companies usually do with stocks or investment securities.
Ripple, of course, didn’t agree. The company actually pushed back against whatever the SEC was claiming, saying that all of these rules that the SEC is talking about don’t apply to them because XRP is just a digital currency.
The Big Plot Twist in 2023
Just like this, the court hearings went on and on in this case, but it was actually in 2023 that we got some new updates regarding this case. Well, a judge back then ruled in favour of Ripple, saying that XRP wasn’t like a stock or security when regular people buy it online. But it becomes an automatic wrong or illegal thing when Ripple sells XRP to big investment companies, and that’s mainly because Ripple hasn’t registered XRP that way.
So, Ripple kind of won and kind of lost. Well, of course, the SEC didn’t like this ruling, so they went on to appeal. But that didn’t go as planned.
Wait, It’s Over Now? Yup. Done and Dusted!
See, this whole Ripple SEC Lawsuit XRP Ban thing got resolved this year in March 2025. How do we know? Well, it is actually Ripple’s CEO, Brad Garlinghouse, who announced this to the public, so it is kinda official now. From the looks of it, the SEC has silently dropped its appeal, and both parties don’t want to drag this case any further. Right after this news got out, we saw that the price of XRP jumped up by 10%, which was a huge increase in just a few days or so.
