SEC Drops Landmark Lawsuit Against Ripple Labs After Political Shifts

| Importance: 9/10 | Status: confirmed

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.

Key Actors

Brad Garlinghouse Donald Trump Mark Uyeda SEC Chair Stuart Alderoty

Tags

crypto regulatory-capture political-donations sec-lawsuit financial-regulation

Sources (3)

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