The SEC has decided to drop its appeal in its case against Ripple, following a four-year face-off that hit $XRP prices hard – the development marks a significant victory for the fintech firm and the crypto industry as a whole as the new SEC shifts its approach toward regulating digital assets.

Ripple CEO Brad Garlinghouse sees closely related XRP as part of the White House’s proposed digital asset stockpile and anticipates the launch of an XRP exchange-traded fund (ETF) before the end of 2025, per a Bloomberg Markets interview.

IST, Bitcoin was up 3.25% at $85,659, while Ethereum gained nearly 4.5% to reach $2,020. The global crypto market cap rose 3.4% to $2.81 trillion in the past 24 hours.