According to Ripple CEO Brad Garlinghouse, the United States Securities and Exchange Commission's (SEC) multi-year enforcement action against Ripple is coming to an end. Garlinghouse announced on X that the SEC will drop its appeal, marking a significant victory for Ripple and the wider cryptocurrency community. This announcement concludes a lengthy legal battle initiated four years ago when the SEC accused Ripple of conducting a $1.3 billion unregistered securities offering in December 2020. Garlinghouse emphasized that this moment represents the culmination of years of effort and is pivotal for establishing the United States as a leader in the crypto space. Following the SEC's decision, XRP's market price surged by 10%, indicating a positive response from the crypto market to this development. Further updates are expected as the situation progresses.

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