SEC Drops Landmark Lawsuit Against Ripple Labs After Political Shifts

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Regulatory Capture Legislative Capture Financial Capture

In a landmark regulatory decision on March 19, 2025, the Securities and Exchange Commission (SEC) dropped its four-year lawsuit against Ripple Labs, a cryptocurrency firm with close political connections. Following a partial legal victory in 2023 and significant changes in SEC leadership under the Trump administration, the agency agreed to return $75 million of a $125 million fine and abandon its appeal. CEO Brad Garlinghouse celebrated this as a major win, highlighting the shifting regulatory landscape for cryptocurrency firms.

Sources & Citations

[1] SEC to Drop Appeal of Ripple Ruling, Ending 4-Year Legal Fight · Mar 19, 2025 Tier 2

[2] XRP surges after Ripple CEO says SEC is dropping lawsuit against the company · Mar 19, 2025 Tier 2

[3] XRP soars 10% after Ripple CEO says SEC will drop appeal · Mar 19, 2025 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “SEC Drops Landmark Lawsuit Against Ripple Labs After Political Shifts.” The Capture Cascade Timeline, March 19, 2025. https://capturecascade.org/event/2025-03-19--sec-drops-case-against-crypto-firm-with-ties-to-trump-ceo-sa/