Grand Theft America / Receipt money-2025-03-19-015
SEC drops appeal in Ripple XRP case
Ripple's CEO said on March 19, 2025 that the SEC would drop its appeal, ending the agency's roughly four-year enforcement fight over XRP.
What happened
CEO Brad Garlinghouse announced the SEC would abandon its appeal of the 2023 ruling. That decision had found Ripple's institutional XRP sales violated securities law while programmatic retail sales did not, and imposed a $125M penalty. Ripple is not a Trump-family company; the item reflects the SEC's broader retreat from crypto enforcement. No dollar figure represents money to the Trump family.
Why it matters
The SEC dropped its appeal in the multi-year XRP case, ending enforcement against Ripple as part of the same crypto-enforcement retreat. A regulatory retreat that aligns with the president's growing financial interests in crypto raises a conflict.
Receipt details
- Loot the watchdogs
- No cash figure
