The US Securities and Exchange Commission (SEC) has dropped its case against Ripple, according to Ripple CEO Brad Garlinghouse.
The SEC has also dropped cases against other crypto companies after Donald Trump's re-election, including Coinbase, MetaMask, TRON, OpenSea, and Robinhood.
The SEC is considering scrapping a proposal from the Biden administration that would have impacted how financial firms safeguard crypto assets for their clients.
Overall, this is seen as a victory for Ripple and the crypto industry.