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SEC Drops Landmark Case Against Ripple: Will SEC Abandon Biden-Era Crypto Asset Custody Proposal?

  • 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.

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