Ripple rose 14% as US SEC is likely to reject an appeal, closing a 4-year legal battle.

Summary: The XRP token price immediately jumped to $2.57, showing a gain of about 14%, before correcting slightly to $2.55.

the SEC declines to take further action in a case against a #cryptocurrency payment company. This news is in line with the general trend in recent weeks of the U. S. securities regulator dropping charges against cryptocurrency companies. the US Securities and Exchange Commission (SEC) will no longer appeal against #Ripple , CEO Brad Garlinghouse announced. Garlinghouse shared this information on his X platform account, expressing optimism about Ripple and the crypto industry as a whole. This is the moment we've been waiting for. The SEC has rejected the appeal, which is a huge #win for Ripple, for cryptocurrencies in general, Garlinghouse said. The future looks bright. Let's build. Speaking at the Digital Asset Summit in New York City on Wednesday morning, Garlinghouse referred to the protracted battle between Ripple and the SEC that lasted four years. It's been almost four years and about three months since the SEC filed the original lawsuit against us, and it's certainly been a tough road in many ways, he said. I really had a lot of faith that we would be on the right side of the law and the right side of history. #XRP rose 14% to $2.57 after the news, before falling back slightly to $BTC This news follows the same trend as in the past few weeks, when the SEC closed several cases against cryptocurrency companies. Read us at: Compass Investments #InvestSmart