Ripple Labs has taken a big step on its long, long road to victory over the Securities and Exchange Commission (SEC). In a message last week, Ripple CEO Brad Garlinghouse revealed that after four years, the SEC had ended its case by dropping an appeal of a judgement that found that the company’s sale of XRP to retail buyers were not securities sales. “Reflecting on four years ago, it seems very clear to me that this case was doomed from the start,” Garlinghouse said. “In so many ways, it was the first major shot fired in the war on crypto. I truly felt like I knew then that Ripple was not only on the right side of the law, but I felt that we were also going to be proven to be on the right side of history.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
