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# Hot Update: SEC Withdraws Lawsuit Against Ripple
Ripple’s Chief Executive Officer, Brad Garlinghouse, has recently revealed that the U.S. Securities and Exchange Commission is abandoning its claim in the XRP legal battle.
The SEC will cease to continue its legal action against Ripple, the company located in San Francisco that utilizes the XRP digital currency in its business activities. As stated in a declaration made by Ripple’s Chief Executive Officer Brad Garlinghouse on X, this represents the instant the firm has anticipated, signifying a significant triumph for Ripple and the wider digital currency sector.
> It has arrived – the instant we have been anticipating. The SEC is dismissing their lawsuit – a resounding success for Ripple and for digital currency, completely.
>
> The outlook is promising. Let us proceed with development. pic.twitter.com/7WsD0C92Cm
> > — Brad Garlinghouse (@bgarlinghouse) March 19, 2025
Garlinghouse highlighted that this is a success from all perspectives.
