The SEC's dismissal of its long-standing lawsuit against Ripple Labs is viewed as a significant milestone for the cryptocurrency industry, according to Ripple CEO Brad Garlinghouse. Speaking at Blockworks’ 2025 Digital Asset Summit in New York, he described the SEC's decision to end its four-year litigation over an alleged $1.3 billion unregistered securities offering in 2020 as a 'victory for the industry' and the start of a 'new chapter.' This dismissal aligns with a noticeable shift in the SEC's approach under the current US administration, which has recently dropped actions against other crypto firms like Coinbase and Kraken pertaining to similar accusations. Garlinghouse highlighted that the supportive climate towards the crypto sector, fostered by former President Donald Trump, contrasts sharply with the more aggressive enforcement actions taken under President Joe Biden. This transition marks a critical moment for the regulatory landscape of cryptocurrency, with industry leaders optimistic about the potential for growth and innovation moving forward.

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