The U.S. Securities and Exchange Commission’s (SEC) long-standing legal battle with Ripple is finally drawing to a close, according to Ripple CEO Brad Garlinghouse.

"The moment of resolution has arrived. The SEC will abandon its appeal, a result that represents a substantial triumph for Ripple and the cryptocurrency sector as a whole," communicated Ripple CEO Brad Garlinghouse on X, March 19.

In a video accompanying the post, he confirmed, “I can finally say it—the case is officially over.”

This announcement marks the conclusion of a legal dispute that began in December 2020, when the SEC sued Ripple, alleging the company had conducted a $1.3 billion unregistered securities offering.

Garlinghouse shared the news during the Digital Asset Summit in New York. “Just a few minutes ago, before stepping on stage, I posted on X—confirming that the SEC is no longer pursuing its appeal against Ripple,” he told the audience.

“We’re closing an important chapter in crypto’s history,” Garlinghouse added in his video message, expressing optimism that it’s now time to position the U.S. as the global hub for crypto innovation.

Ripple CEO Highlights Gratitude

Garlinghouse expressed deep gratitude in his statement, praising the new SEC leadership along with U.S. lawmakers for striving toward “a rational and constructive path forward on crypto regulation.”

“The key word today is gratitude,” he said. "Thank you to everyone who helped us throughout this journey. To every Ripple employee, our incredible legal team—led by the best chief legal officer in the industry—and of course, to the XRP community, our customers, and partners.”

He also stated that Ripple’s legal win signals an end to years of what he described as “intimidation and fear tactics” by the SEC under Chairman Gary Gensler. Garlinghouse believes this victory sends a powerful message for the future of crypto innovation in the U.S.