SEC Drops Lawsuit Against Ripple
The cryptocurrency sector has experienced a dramatic shift following the Securities and Exchange Commission’s (SEC) decision to drop its long-standing lawsuit against Ripple Labs, the entity behind XRP.
This pivotal development has triggered a surge across digital asset markets, with XRP breaking past $2.50.
Other major cryptocurrencies have followed suit—Ethereum rose by 4.1%, while Solana posted an impressive 6.2% gain during the same timeframe.
This regulatory shift marks a clear move away from past enforcement-heavy approaches and reflects the Trump administration’s more favorable attitude toward blockchain development compared to previous policies.
The era of constant regulatory uncertainty for crypto projects appears to be fading, paving the way for faster progress and wider adoption in the blockchain space.
With investors rushing to capitalize on this momentous change, several digital assets have emerged as standout opportunities.
Solana, in particular, has shown strong momentum, mirroring XRP’s gains despite ongoing issues with network scalability.
Another platform gaining momentum is PancakeSwap, as BNB shows renewed strength under the leadership of Changpeng “CZ” Zhao.
PancakeSwap now processes more on-chain transactions than Uniswap and Raydium combined.
This spike in activity has propelled CAKE token prices up 6% today and 61% over the past week.
Despite this growth, CAKE’s market cap remains modest at $734 million, especially compared to Uniswap’s $4 billion, indicating ample upside potential.
One of the key drivers behind this uptick has been the rise of meme coin trading on BNB Chain, with platforms like Four.meme becoming popular hubs for launching viral tokens—putting PancakeSwap in a favorable position for further expansion.
The SEC's decision to withdraw its case against Ripple has set the stage for XRP’s resurgence.
Currently trading at $2.45 with a massive $142 billion market cap as of March 20, 2025, XRP’s trading volume has soared by 252%, reaching $10.3 billion in 24 hours.
This renewed activity highlights a sharp rise in investor confidence following the end of regulatory uncertainty.
A historical comparison shows potential for even further growth: when Judge Torres ruled in 2023 that XRP was “not a security,” the token’s price nearly doubled within a single day.
In addition, Polymarket's odds of a spot XRP exchange-traded fund (ETF) being approved rose by 7% as of March 20, 2025.
If such a product receives the green light, it could open the floodgates for institutional investment in XRP.
With the lawsuit now resolved, the token is also being positioned for greater use in education and institutional environments, marking a promising new phase in its evolution.
Looking forward, the crypto space is actively working to solidify its role in both politics and traditional finance.
Ripple CEO Brad Garlinghouse has voiced support for a broader range of assets to be included in a potential U.S. crypto reserve:
"CEO Brad Garlinghouse has expressed hopes that the U.S. government’s crypto reserve will encompass various digital assets rather than just Bitcoin, a view not universally accepted in the Bitcoin community."
As the regulatory climate continues to shift, the doors are opening wider for diverse cryptocurrencies to thrive, signaling a bright and transformative future for the digital asset industry.
Sources:
https://evrimagaci.org/tpg/sec-drops-ripple-case-xrp-sees-skyrocketing-gains-276590#google_vignette
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