SEC’s XRP reversal marks crypto industry victory ahead of SOL futures ETF launch: Finance Redefined

The SEC’s dismissal of the four-year legal case against Ripple is a “victory for the industry,” said Ripple CEO Brad Garlinghouse.

Crypto investors rejoiced this week after the US Securities and Exchange Commission dismissed one of the crypto industry’s most controversial lawsuits — one that resulted in an over four-year legal battle with Ripple Labs.

In another significant regulatory development, Solana-based futures exchange-traded funds (ETFs) have debuted in the US, a move that may signal the approval of spot Solana (SOL) ETFs as the “next logical step” for lawmakers.

The SEC’s dismissal of its years-long lawsuit against Ripple Labs, the developer of the XRP Ledger blockchain network, is a “victory for the industry,” Ripple CEO Brad Garlinghouse said at Blockworks’ 2025 Digital Asset Summit in New York.

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