XRP's price surged by 10% following reports that the U.S. Securities and Exchange Commission (SEC) is set to drop its case against Ripple Labs, as announced by CEO Brad Garlinghouse. This decision, if confirmed, would mark a significant development in the long-standing legal battle between Ripple and the SEC over whether XRP should be classified as a security. The market reacted positively, indicating investor confidence in Ripple's future amidst ongoing regulatory scrutiny in the cryptocurrency industry. The resolution of this case could pave the way for greater clarity and stability for XRP and potentially influence regulatory approaches to other cryptocurrencies as well. As the industry watches closely, the impact of this potential dismissal may extend beyond Ripple, affecting the broader landscape of digital assets and their legal treatment.

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