2-4-2025 – The protracted and gripping legal saga pitting Ripple Labs against the U.S. Securities and Exchange Commission (SEC) has at last drawn to a close. In a decisive turn of events, the SEC has abandoned its appeal, bringing an end to the courtroom drama. Ripple, for its part, has consented to a hefty $50 million penalty and withdrawn its own counter-appeal. Adding to the triumph, the court has lifted its injunction on the company—a development that ought to have sparked jubilation.
Yet, in a curious twist, the price of XRP, Ripple’s flagship cryptocurrency, has stubbornly refused to soar. Despite the monumental victory, it barely flickered, leaving investors bewildered and rather miffed. Across social media platforms, XRP enthusiasts are voicing their discontent, clamouring for one thing: a definitive, public declaration from the SEC to confirm the case is well and truly finished. “We deserve a proper announcement, just as they’ve done for others!” has emerged as their impassioned demand.
The SEC, however, has remained tight-lipped since relinquishing its appeal, a silence that’s fuelling frustration and speculation alike. Some whisper that the regulator might be holding off until Paul Atkins is confirmed as its new chair before breaking its silence. Meanwhile, Ripple’s chief executive, Brad Garlinghouse, sought to quell the unrest at the Digital Assets Summit on 19 March 2025, insisting the dismissal stands firm even without an SEC statement. Still, in the volatile world of cryptocurrency, nothing reassures quite like an official word—and that’s precisely what’s lacking.
When the resolution first hit the headlines, XRP’s value briefly spiked to $2.60, only to slump back down just as swiftly. It’s as though the market is holding its breath, awaiting a clear signal from the SEC before daring to rally. Until that moment arrives, XRP supporters will keep pressing the same burning question: “Where’s the statement we’ve been waiting for?”
