The SEC has withdrawn its appeal in the landmark Ripple XRP lawsuit, leading to a significant surge in XRP’s market value. Following this announcement, XRP prices spiked by 10%. Legal experts suggest Ripple had a strong position throughout this process, and Ripple’s legal team believes the SEC acted with a focus on winning rather than delivering justice. This decision may have far-reaching consequences for cryptocurrency regulation in the U.S. The SEC sought to classify XRP as a security, while Ripple contested this classification. Ripple’s financial penalty was reduced from $125 million to $50 million, reflecting positive changes for the company. Judge Analisa Torres has played a crucial role in shaping these developments. This case is being closely watched as potential precedents for future cryptocurrency regulations.