Crypto
Ripple CEO: SEC Drops Case in ‘Resounding’ Victory for Crypto | PYMNTS.com
The Security and Exchange Commission’s (SEC) case against Ripple has concluded, according to that company’s CEO.
In a post Wednesday (March 19) on X, Brad Garlinghouse wrote that the commission had dropped its appeal in its case against the blockchain company, the latest in a string of cryptocurrency enforcement efforts called off by the regulator since President Donald Trump took office.
This is it — the moment we’ve been waiting for. The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let’s build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
“This is it — the moment weʼve been waiting for,” Garlinghouse wrote. “The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it.”
An SEC spokesperson declined to comment when reached by PYMNTS.
The SEC sued Ripple in 2020, alleging that the company violated the regulator’s rules by selling its XRP digital token without registering it as a security. But in June 2023, a judge ruled that XRP was covered by securities laws only when it was sold to institutional investors.
Since then, Ripple has been trumpeting win after win in the case, first when the SEC withdrew charges against its executives, and later when the judge in the case fined the company $125 million, far below the $2 billion sought by the commission.
It was that ruling, handed down last year, that the SEC had said it would appeal. Then Trump became president, and Washington’s attitudes towards the crypto sector shifted.
In the past few weeks, the SEC has either dismissed or paused cases or investigations into some of the most high-profile companies in the digital asset space. This includes the lawsuits against crypto giants Coinbase and Binance — sued within 24 hours of each other in the summer of 2023 — as well as potential legal action against Robinhood.
In another sign of the changing crypto landscape, the SEC said earlier this week it was rethinking a proposed rule that would extend investment advisers’ custodial requirements to crypto.
SEC Acting Chairman Mark T. Uyeda spoke before the Investment Company Institute on Monday (March 17) and said the regulator is working with the White House’s crypto task force to consider alternatives to this proposal, including withdrawing it entirely.
“With respect to the safeguarding proposal, commenters expressed significant concern with the broad scope of the proposed safeguarding rule for investment advisers, which would extend the custodial requirements to virtually any asset, including crypto,” Uyeda said.
The SEC proposed expanding investment adviser custody rules to crypto assets in February 2023, saying they would widen the rules from client funds and securities to any client assets held by an investment adviser, thus making sure qualified custodians keep client assets segregated and protected in case of insolvency of the custodian.
Gary Gensler, SEC chair at the time, said Congress had given the commission authority to expand the custody rule to apply to all assets, not only funds or securities.
Crypto
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Crypto
Cryptocurrency Exchanges Brace for Japan’s New Regulations
Circle Internet Group Inc. stocks have been trading up by 11.22 percent driven by anticipated strategic partnership announcements.
Key Takeaways
- Japan’s financial watchdog aims to enforce new regulations requiring cryptocurrency exchanges, including Circle Internet, to set aside reserves against liabilities.
- Circle Internet (CRCL) will disclose its earnings report soon; the anticipated earnings consensus is 18 cents per share.
- These developments come amid turbulent times in the crypto and tech spheres, with CRCL amongst companies preparing for potential impacts.
Live Update At 12:14:02 EST: On Friday, November 28, 2025 Circle Internet Group Inc. stock [NYSE: CRCL] is trending up by 11.22%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.
Quick Financial Overview
Circle Internet, represented by the ticker CRCL, is gearing up for its upcoming earnings announcement. Historically, the company’s financial landscape is marked with ups and downs; notable profit margins are missing, casting uncertainties. Nonetheless, a fresh earnings report might bring rays of hope.
In the recent market, highlights showcase a price range progression with notable volatility—opening at $75.31 and climbing to an admirable $81.48 before settling around $80.8. This showcases the company’s resilience amidst challenges but also hints at possible fluctuations ahead.
Analyzing the financial statements shows that CRCL has key concerns in its profitability ratios. For instance, the company has negative figures in its pre-tax profit and operating margins, revealing the fiscal adversities it grapples with. The gross margin, however, remains robust at 79.4%, signaling efficient production. Despite this upside, its quick liquidity ratios, like the current ratio being 1, indicate limited room to maneuver in crises, necessitating strategic agility in the face of unpredictable economic climates.
Regulatory Changes and Market Dynamics
Japan’s decision to compel cryptocurrency exchanges to hold reserves as a safeguard has undeniably put a spotlight on Circle Internet. This proactive move highlights regulatory bodies recognizing potential risks within the burgeoning world of cryptocurrencies. It is a move that aims to preempt vulnerabilities in the sector, ensuring investor protection and curbing unforeseen financial fallouts, especially in hack-prone digital worlds.
For Circle Internet and other affected companies, this is a time for strategic readjustments and protective measures. The market, already sensitive to any regulatory changes, might oscillate between optimism and caution as this unfolds. CRCL stocks need a careful watch as investor sentiment may shift dramatically based on compliance costs and operational changes that might arise post this regulation.
Discussing the speculative impact of this move requires understanding the swimming tides in financial reservoirs in CRCL’s favor or against it. As news spreads, investor trust in CRCL’s crisis management and innovation capabilities will prove critical.
The Road Ahead
Navigating these new waters, CRCL stands at a critical juncture where trader confidence lies heavily tethered to regulatory compliances and earnings outcomes. As the threads connecting cryptocurrency operations to broader financial safety tighten, adopting proactive strategies and mitigating transactional risks while aligning with regulatory standards becomes indispensable. As Tim Bohen, lead trainer with StocksToTrade says, “I never chase price. The best opportunities allow me to enter on my terms, not when I’m feeling pressured.” This sentiment resonates with the current climate where strategic patience is invaluable.
Circle Internet’s forthcoming earnings announcement is poised either as a reassurance or an escalation point dependent on performance metrics vis-à-vis expectations. News on recent financial commitments will unveil glimpses into upcoming strategic expansions or contractions, bearing a profound influence on market dynamics.
In conclusion, CRCL’s journey ahead is layered with complexities. The aggregation of regulatory actions and corporate disclosures during this defining window will unfurl a robust picture, constraints, and opportunities alike. How Circle Internet maneuvers these nuances will certainly delineate its trajectory and its stakeholder’s fortunes related to it.
This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Our coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, we break down the events that can spark significant price action.
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