XRP surges after Ripple CEO Brad Garlinghouse says SEC is dropping its lawsuit against the company
Ripple CEO Brad Garlinghouse said Wednesday that the SEC is no longer pursuing its appeal in the case against the payments company.
XRP surged after Ripple CEO Brad Garlinghouse said the U.S. Securities and Exchange Commission is no longer pursuing its appeal in the case against the payments company.
The price of XRP was last higher by nearly 14% at $2.57.
"It's been almost four years and about three months since the SEC originally sued us, certainly a painful journey in lots of ways," Garlinghouse said at the Digital Assets Summit in New York on Wednesday morning. "I really deeply believed that we were going to be on the right side of the law and on the right side of history."