India, March 19 -- Cryptocurrencies recorded a major price surge in response to a post by the CEO of Ripple Labs that his company's legal battle with the Securities and Exchange Commission has ended.
XRP, the cryptocurrency issued by Ripple Labs rallied 11.3 percent in the past 24 hours. With the brilliant overnight rally, XRP has added 15.8 percent in the past week and 20.6 percent on a year-to-date basis.
Brad Garlinghouse, the CEO of Ripple Labs posted on X that the four-year legal dispute between Ripple Labs and the SEC has ended. The Ripple-SEC dispute was keenly watched within the crypto industry as well as outside, considering the wide ramifications.
The SEC had in its lawsuit initiated in 2020 against Ripple Labs Inc alleged that...