SEC Drops Ripple Lawsuit, Acknowledging Regulatory Uncertainty

After a lengthy legal battle spanning over four years, the U.S. Securities and Exchange Commission (SEC) has officially closed its case against Ripple. The SEC’s decision to withdraw its appeal follows a landmark video explanation from Ripple’s Chief Legal Officer Stuart Alderoty, who attributed the move to the agency’s lack of clear regulatory guidelines. 🔒 🔑 In a statement on Twitter, Alderoty detailed how the SEC’s lack of defined rules hampered their ability to proceed with the lawsuit.