“A big victory for Crypto”

Cardano founder Charles Hoskinson celebrates the end of the SEC’s pursuit of enforcement against Ripple.

Under President Donald Trump’s administration, things have changed dramatically for the US crypto industry, and regulators have won sharply faster.

In the latest example, the longstanding legal war between the securities and exchange committees and Ripple. It seems to be at the endat least from the perspective of regulators pursuing enforcement. The development sparked a celebratory cheer and a putt behind it among supporters, including Cardano founder Charles Hoskinson.

“A big victory for Crypto”

Wednesday, March 19th, Ripple CEO Blood Girling House declared The SEC’s lawsuit against Ripple revealed that the SEC has decided to withdraw the appeal.

In response to the announcement, Cardano founder Charles Hoskinson congratulated the XRP community and declared development a “big victory for Crypto.”

Congratulations to Crypto on a big victory and XRP Nation. It’s time to build https://t.co/ejbxbatfkf again

– Charles Hoskinson (@iohk_charles) March 19, 2025

Feelings are considered to mark the end of the so-called crypto war of the SEC, when many see the end of the ripple case.

The lawsuit against Ripple, first filed in December 2020, was the first well-known lawsuit in the agency’s war on crypto, and is now perhaps the last time it was shut down as regulators revised their position in the industry under the new administration.

Over the past few weeks, the agency has returned to over 10 major crypto enforcement cases. Including Coinbase, ConsensyKraken, openseaand here.

The loose end

The SEC appears to be set to detract from Ripple, but the latter does not appear to have decided to cross it. Ripple CEO Brad Garlinghouse proposes That the company wants to remove aspects of the case from previous rulings.

The court found that Ripple’s secondary market XRP sales were not certified as a security offer, but the sale of XRPs was subject to institutional investors. Therefore, in August 2024, Ripple ordered It paid a $125 million fine and added with an injunction against direct XRP sales to the agency without SEC exemption.

According to Garlinghouse, this required “cleaning up.”