The United States Securities and Exchange Commission (SEC) is ending its multi-year enforcement action against Ripple, as confirmed by the company’s CEO, Brad Garlinghouse. This marks the conclusion of a long legal battle that began in December 2020 when the SEC sued Ripple over an alleged $1.3 billion unregistered securities offering.

Garlinghouse Announces End of SEC Case

Garlinghouse shared the news on X on March 19, expressing his relief and stating: “This is it — the moment we’ve been waiting for. The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it.”

This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.

The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm

— Brad Garlinghouse (@bgarlinghouse) March 19, 2025

In a video attached to his post, Garlinghouse further announced: “I’m finally able to announce that the case has ended; it’s over.”

Reflecting on the significance of the outcome, Garlinghouse said, “We’re now closing a chapter in crypto history,” and emphasized the need for the US to become a global leader in the crypto space, adding: “It’s time to make the United States the crypto capital of the world.”