SEC Drops Crypto Cases: XRP Surges to $2.50
The U.S. Securities and Exchange Commission (SEC) has ceased appealing legal cases against crypto companies, including Ripple. This shift in policy, announced on October 8, 2025, has sparked a surge in XRP's price and trading volume on TradingView, with the cryptocurrency reaching $2.50 and a $10 billion daily trading volume.
Ripple's legal counsel, Stuart Alderoty, confirmed the SEC's decision in a video published by Ripple Track. The withdrawal of appeals ends a legal battle that began in December 2020. Alderoty described this move as a 'significant change in regulation', attributing it to broader political and regulatory reforms.
The SEC's decision could have far-reaching implications. It may attract startups back to U.S. markets and remove obstacles to the launch of potential XRP-based financial products, such as XRP ETFs. Simultaneously, the U.S. Commodity Futures Trading Commission (CFTC) has adopted a more flexible approach toward cryptocurrencies. Initiatives like the 2025 GENIUS Act and the forthcoming CLARITY Act aim to reduce regulatory overlap and encourage innovation. This supportive framework could enable expanded development and deployment of XRP-based financial products.
Ripple's On-Demand Liquidity (ODL) service stands to benefit from this shift. It can now scale more securely in markets where the use of XRP was previously questionable due to regulatory concerns. The reduction of appeals decreases risk in the judicial system, allowing companies to focus on development.
XRP's price and trading volume have responded positively to the SEC's decision, with the cryptocurrency trading near $2.50 and a market capitalization of approximately $140 billion (equivalent to 19.1 billion XRP) on October 8, 2025. The SEC's shift in policy, coupled with the CFTC's supportive approach, could foster a more innovative and secure environment for XRP and other cryptocurrencies in the U.S. market.
