The SEC Just Quietly Surrendered in Its Biggest Crypto Battle
The crypto world’s biggest and most consequential legal war is finally over. Ripple Labs, a fintech giant, has just closed the book on its nearly five-year battle with the U.S. Securities and Exchange Commission, ending a fight that had become a proxy for the future of cryptocurrency regulation in America. The surprise settlement is being hailed as a landmark victory for the crypto industry and a significant blow to the SEC’s controversial “regulation by enforcement” strategy. The “SEC announc