SEC Halts Ripple Lawsuit, Focusing on Cryptocurrency Regulation

The protracted legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple concerning XRP’s unregistered sale has concluded. The SEC accused Ripple of illegally raising $1.3 billion through its XRP sales, claiming they constituted unregistered securities. Following this closure, SEC member Hester Peirce and former Chairman Paul Atkins have announced a shift in focus toward crafting clear regulatory guidelines for cryptocurrencies that balance innovation with investor protection.