It seems that the Crusader campaign belonging to the Securities and Stock Exchange Committee against the encryption industry has ended.

The last chapter was closed on Wednesday, when it ripped Declare The Supreme Education Council has dropped a four -year lawyer against the company. The lawsuit, raised on the day of Jay Clayon, was called as SEC president, and accused Ripple of A collection of $ 1.3 billion by selling his XRP code Without registration as security.

Encryption and exchange companies CoinbaseKraken, RobinhoodBinance, and Opensea witnessed all lawsuits or investigations that have already been dropped, resolved or suspended. Ripple now takes the bosom of victory.

“Ripple stands alone as the company that resisted – and defeated basic legal questions – with a large key to SEC plans to destroy the encryption in the United States through enforcement,” Stewart Aldouti, the chief legal official in Ribel, told CNBC in a statement sent via e -mail. “The Supreme Education Council has now abandoned its attractiveness in our case. In an appropriate paradox, Ripple was the first major situation they brought and will now be the last issue that I moved away from it.”

XRP was created in 2012 as one of the first cryptocurrencies other than Bitcoin. It was started by the founders of Ripple, and became the original currency of the platform. Like Bitcoin, XRP can be purchased and sold by retailers. Xrp About 11 % jumped after Wednesday’s announcement.

Ripple spent $ 150 million in fighting the government in the legality of bruising with former SEC president Gary Gensler, whose approach to Crypto was widely hostile. In July 2023A federal judge spent that XRP is “It is not necessarily security on his face,” Reducing the basis of the issue of the Supreme Education Council.

Winning was not just a turning point for ripples. He pointed to the encryption industry that the tide was turning, building a momentum of movement that helped return President Donald TrumpA former encrypted critic, to the White House. A year after the judge’s rule, Trump, as a Republican candidate, delivered a Keynote At the annual Bitcoin Conference, he announced that he “sets my plan to ensure that the United States is the capital of the planet’s encryption and the power of the world’s great bitcoin.”

Rupus and her peers encryption The main shareholders For Trump’s campaign. The president spent his first two months in his post.

Friday, SEC hosted its first major encryption Round tableIt indicates a new approach to the organization through participation, rather than enforcement. This effort is Hester People, which leads the newly -established encryption squad.

PEIRCE’s message to industry is that SEC is no longer a discount, but instead tries to give Crypto a clear and legal framework.

Unlike the main policy, the Supreme Education Council Eliminate Employee Accounting Bulletin 121 – It is a controversial base that requires banks to address encryption assets as opponents on their public budgets. The base was introduced in 2022, which was defended by Gensler, and the base was widely seen as a major obstacle to the institutional adoption of Bitcoin and other digital assets.

Goodbye, Goodbye 121! It was not fun, Pierce Books in a post on x After announcing the change in January.

At the World Economic Forum in Davos, Switzerland in that month, from executives from Goldman Sachsand Morgan StanleyAnd Bank of America He pointed out that melting in Washington can lead to renewed Sharing encryption.

At the White House, David Sachs, artificial intelligence, Trump and Crypto CZAR, stood next to the president as he signed Executive order On digital assets. The bags recently attended Encryption As part of the opening, where he declared, “the war ended on encryption.”

Coinbase’s The lawsuit has been rejected In February. Then he came Corner. second withdraw From Wales’s notice against the Robenol encryption section. Binance investigation is running Hold.

Ripple Legal Long argued that the SEC strategy was not about law support, but about its use as a sharp tool. The organizer sent notes to foreign organizers who worked with Ripple, and demanded the recruitment of documents from business partners and even prosecution CEO Brad Garlinghyus and co -founder Chris Larsen personally. These accusations were also dropped.

“While this chapter is closed, the struggle to organize clear, fair and transparent encryption continues.” “Ripple will continue to lead this battle.”

He watches: Trump addresses the top of digital assets