![How 6 Leading Brands Use Content To Win Audiences [E-Book]](https://contentmarketinginstitute.com/wp-content/uploads/2025/03/content-marketing-examples-600x330.png?#)
![Building A Digital PR Strategy: 10 Essential Steps for Beginners [With Examples]](https://buzzsumo.com/wp-content/uploads/2023/09/Building-A-Digital-PR-Strategy-10-Essential-Steps-for-Beginners-With-Examples-bblog-masthead.jpg)
![How Human Behavior Impacts Your Marketing Strategy [Video]](https://contentmarketinginstitute.com/wp-content/uploads/2025/03/human-behavior-impacts-marketing-strategy-cover-600x330.png?#)
![How to Use GA4 to Track Social Media Traffic: 6 Questions, Answers and Insights [VIDEO]](https://www.orbitmedia.com/wp-content/uploads/2023/06/ab-testing.png)
Why is XRP up today? Crypto coin price surges after Ripple CEO says SEC dropped landmark lawsuit
Ripple’s cryptocurrency XRP has spiked after the SEC said it would drop its lawsuit alleging that the company was selling unregistered securities. The price for XRP has gone up by 14% after the Wednesday morning announcement. The SEC’s move is just one of many instances of the agency beginning to ease up on the cryptocurrency industry during the Trump presidency. In December, CNBC named XRP “the biggest winner” of the post-election economy. Since then, the coin’s price has risen 400%. Trump has been exceptionally friendly to cryptocurrency, promising to be a “crypto president” on the campaign trail. He appointed crypto enthusiast Paul Atkins to lead the SEC; Atkins has been the co-chair of Token Alliance, an initiative to represent the crypto sector’s interests, since 2017. The SEC has unsurprisingly followed Trump’s lead. Guided by Atkins, the agency announced earlier this month that it would abandon its 2022 plan for some crypto firms to register as alternative trading systems—a move which would’ve increased oversight and added more rules for these firms to follow. And last month, the SEC dropped an enforcement case against Coinbase and closed its investigations into crypto companies Robinhood, Uniswap, Gemini, and Consensys. As for Ripple, the SEC originally sued the company in 2020, saying that it had sold the cryptocurrency XRP without first registering it as a security. At the time, XRP was one of the most valuable cryptocurrencies in the world. Despite Trump’s pro-crypto stance and XRP’s recent rally, cryptocurrency prices have been largely trending downwards in the past month.
Ripple’s cryptocurrency XRP has spiked after the SEC said it would drop its lawsuit alleging that the company was selling unregistered securities.
The price for XRP has gone up by 14% after the Wednesday morning announcement. The SEC’s move is just one of many instances of the agency beginning to ease up on the cryptocurrency industry during the Trump presidency.
In December, CNBC named XRP “the biggest winner” of the post-election economy. Since then, the coin’s price has risen 400%.
Trump has been exceptionally friendly to cryptocurrency, promising to be a “crypto president” on the campaign trail. He appointed crypto enthusiast Paul Atkins to lead the SEC; Atkins has been the co-chair of Token Alliance, an initiative to represent the crypto sector’s interests, since 2017.
The SEC has unsurprisingly followed Trump’s lead. Guided by Atkins, the agency announced earlier this month that it would abandon its 2022 plan for some crypto firms to register as alternative trading systems—a move which would’ve increased oversight and added more rules for these firms to follow.
And last month, the SEC dropped an enforcement case against Coinbase and closed its investigations into crypto companies Robinhood, Uniswap, Gemini, and Consensys.
As for Ripple, the SEC originally sued the company in 2020, saying that it had sold the cryptocurrency XRP without first registering it as a security. At the time, XRP was one of the most valuable cryptocurrencies in the world.
Despite Trump’s pro-crypto stance and XRP’s recent rally, cryptocurrency prices have been largely trending downwards in the past month.
