- SEC has dropped the lawsuit against Coinbase which could trigger an XRP price surge.
- Market participants speculate if the SEC under the Trump administration would drop the Ripple lawsuit.
- Brad Garlinghouse praised the new SEC for not waiting and taking actions quicker.
XRP could surge soon and the reason: The SEC might soon be dropping its lawsuit against Ripple.
The statement came from Ripple CEO himself, Brad Garlinghouse, who was suddenly in praise of the SEC. He was in fact citing the new SEC, under the Trump administration, deciding to drop its lawsuit against Coinbase exchange.
Garlinghouse Sees SEC “Shift” as Bullish for XRP
Garlinghouse highlighted the agency’s shift away from the previous administration’s “regulation by enforcement” approach in a post on X (formerly Twitter).
Garlinghouse suggests if the SEC is indeed looking to resolve past disputes quickly, XRP holders have a reason for optimism; specifically, hoping for a legal victory. Many believe a dismissal of the case against Ripple could trigger a major bullish run for XRP and this is exactly the hype train XRP wants to ride on.
SEC Under New Leadership Isn’t Holding Back
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