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.
United Kingdom-based Blockchain.com Group Holdings Inc., a cryptocurrency exchange and wallet service, announced Thursday that it has filed confidentially for an initial public offering in the United States.
The details of the IPO remain undisclosed, with the number of shares or expected price range undetermined as the U.S. Securities and Exchange Commission reviews the application.
Founded in 2011, Blockchain.com began as a blockchain explorer, a type of analysis tool that allows visitors to view transactions on the global distributed ledger ecosystem and track them from their origin to their current state. As the company evolved, it became a cryptocurrency wallet and exchange, allowing users to buy, hold, sell and trade tokens on its platform.
A blockchain is a tamper-proof digital database, or ledger. It securely distributes recorded transactions between numerous nodes and cryptographically secures information about the activity without a central authority. This allows tracking financial activity similar to a bank, without the need for a middleman, and enables highly secure transactions that are almost impossible to change retroactively.
Blockchain.com describes itself as a leading infrastructure company with more than 95 million wallets created, facilitating more than $1.1 trillion in volume on its platform across over 20 products. These include consumer trading, wallet services, institutional products and blockchain data tools rather than a classic order-book exchange model.
This IPO filing follows blockchain and crypto leaders entering IPOs, including major firms such as stablecoin issuer Circle Internet Group Inc., cryptocurrency exchange Gemini Space Station Inc. and digital asset platform Bullish Inc.
The IPO of Bullish set an interesting precedent as well, as the company arranged to receive $1.5 million in proceeds from the deal in stablecoins, a type of cryptocurrency token that is pegged to another currency, such as the U.S. dollar. This represented the first time a cryptocurrency had been used as part of the payout for an IPO.
Cryptocurrency lending firm Figure Technology Solutions Inc. also filed for IPO last year.
However, it hasn’t all been roses for IPO filers in the crypto industry. Other leading firms, such as cryptocurrency exchange Payward Inc., known as Kraken, paused its IPO, and French crypto hardware wallet Ledger Inc. also delayed its IPO, citing volatile market conditions.
Image: Pixabay
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Key Takeaways
Japanese Market Entry With a Strong Lobby Push
Polymarket, the blockchain-based prediction market that hit its first $10 billion monthly trading volume in March 2026, is making a calculated push into one of Asia’s largest and most regulated financial markets. Bloomberg reported on May 22 that the company has appointed Mike Eidlin as its Japan representative and is preparing to lobby regulators and lawmakers for authorization to operate prediction markets locally, with approval targeted by 2030.
Polymarket sees Japan as a large, untapped opportunity given that the country has one of Asia’s most developed retail investor bases and a strong appetite for speculative trading products. Prediction markets, however, currently sit in a legal grey area in Japan (neither explicitly authorized nor outright banned), meaning any formal operation at scale would require either a new regulatory category or a legislative amendment.
Japan has long been a bellwether for crypto regulation in Asia. Following the 2014 collapse of Mt. Gox, it was among the first countries in the world to implement a formal licensing framework for crypto exchanges, requiring all platforms to register with the Financial Services Agency (FSA). And, while that framework has expanded steadily, it has not yet addressed prediction markets as a distinct product class.
Polymarket Bets on Japan After $10B Trading Month
The 2030 approval timeline is deliberate because Japan’s regulatory process is, by any measure, extremely meticulous, and any new product categories, especially those tied to decentralized finance ( DeFi) infrastructure and crypto-collateralized markets, typically require extended review periods (sometimes extending into years).
Polymarket’s decision to appoint a representative now and begin lobbying early signals that the company is treating Japan as a long-term institutional project rather than an opportunistic expansion.
The move follows a string of platform milestones that have significantly raised Polymarket’s profile recently. Earlier this year, it received Commodity Futures Trading Commission (CFTC) authorization to operate as a designated contract market (DCM) in the U.S., a milestone that allowed it to launch perpetual futures trading.
Subsequently, in April, it introduced Polymarket USD, a new stablecoin that replaced bridged USDC.e as its primary collateral, alongside a smart contract infrastructure upgrade that cut gas fees.
Behind these offerings, the platform drew 678,342 unique users in April alone, more than eight times the implied user base of rival Kalshi. It has also been in talks to raise $400 million at a $15 billion valuation, reflecting broader investor confidence in the prediction market sector’s commercial potential.
Crypto
New Cryptocurrency Pepeto Takes $10 Million as Solana Drops and Cardano Stays 92% Below Its Peak
The Senate Banking Committee passed the Clarity Act in a 15 to 9 vote, giving crypto its first real regulatory framework from Washington. Bitcoin jumped to $82,000 on the news before dropping to $77,800, but the new cryptocurrency pulling the most capital right now is not on any major exchange yet. Pepeto https://pepetocoin.com/ has collected more than $10 million in a presale led by the same person who created the original Pepe coin, and the approaching Binance listing is where early wallets plan to collect.
New Cryptocurrency Interest Grows as the Clarity Act Clears Its First Senate Hurdle
The Clarity Act passed the Senate Banking Committee on May 14 in a bipartisan 15 to 9 vote, according to CNBC, marking the first wide ranging crypto regulation bill to clear a Senate panel. Bitcoin hit $82,000 on the vote before inflation data sent it down to $77,800, triggering $580 million in liquidations across crypto, as CoinDesk reported. The new cryptocurrency space benefits because the bill splits oversight between the SEC and CFTC, which clears the fog that kept serious capital on the sidelines.
Where Regulation Meets the Presale Entry That SOL and ADA Cannot Match
Pepeto: The Trading Hub That Protects Capital While Large Caps Bleed
Speed decides everything in crypto, and a single candle can turn a winning position into a loss before most wallets notice. Tokens that climbed 10% on the Clarity Act vote gave it all back within hours when the inflation numbers landed. Wallets without the right tools to check what they are buying or move fast enough between chains end up watching others profit.
That exact gap is where Pepeto https://pepetocoin.com/ sits, and the trading hub fills it for every wallet that enters. This is not a project waiting to go live. Every tool runs today. Worried about a contract that could drain capital? The risk scorer reads the code and flags danger before a single token leaves. Need to transfer assets across chains without bridge fees? The cross chain bridge moves them at zero cost, so every dollar arrives whole.
The trading hub is shaped for speed and clarity at every level, and the cofounder behind the original Pepe coin built this from the ground up while SolidProof completed a full audit on every contract to make sure the money inside stays protected. Staking earns 172% APY while the listing draws closer.
Analysts project this new cryptocurrency at 100x to 300x from its presale entry of $0.0000001871, and that ceiling sits far above anything Solana or Cardano can offer from their current levels. More than $10 million in committed capital already sits in the presale, and the approaching Binance listing is what turns those positions into gains. That listing ends the presale permanently, and every day outside costs ground to the wallets already inside.
https://www.youtube.com/watch?v=gPX8yXeLk00
Solana (SOL)
SOL trades at $87.26 after dropping 5% in a single session following the inflation selloff, according to CoinMarketCap. Goldman Sachs exited its Solana ETF position in Q1 2026, and even with the Firedancer upgrade moving forward, the $293 peak sits 71% above current levels. That math gives roughly 3.5x, which makes SOL a recovery play but not the new cryptocurrency entry that changes a portfolio.
Cardano (ADA)
ADA sits at $0.25 with a market cap that has barely moved since early 2026, according to CoinMarketCap. The chain remains 92% off its $3.10 peak, and no DEX on Cardano competes with the volume top exchanges handle. Even a return to $1 delivers roughly 4x, which is steady recovery but cannot compete with the multiplier a presale entry offers.
The Verdict
The Clarity Act gives every new cryptocurrency a clearer path, and Bitcoin’s jump to $82,000 proved the market agrees. But the biggest returns never come from large caps that already ran. Analysts project Pepeto at 100x to 300x, and that number stays on the table while the presale remains open. Every cycle produces winners who entered during fear and collected during recovery, and the $10 million committed to Pepeto while the market dropped follows that same pattern. The Pepeto official website shows the window is still open, and the wallets entering now will be the ones everyone reads about when the listing hits.
Click To Visit Pepeto Website To Enter The Presale: https://pepetocoin.com/
FAQs
Is a new cryptocurrency like Pepeto safe to enter?
SolidProof audited every contract and the same person who built the original Pepe coin leads this project. More than $10 million committed in a bearish market confirms the conviction behind it.
Which new cryptocurrency gains most from the Clarity Act?
Pepeto’s approaching Binance listing and working tools position it as the new cryptocurrency set to benefit most as clearer regulation pulls fresh capital into presales.
How does Pepeto compare to SOL and ADA for returns?
SOL offers roughly 3.5x to its peak and ADA about 4x from here. The Pepeto official website shows a presale entry where analysts project 100x to 300x returns from the current price.
Disclaimer:
The material presented here is for informational purposes only and does not represent financial advice. Cryptocurrency investments involve high levels of volatility and risk, including the potential loss of your initial investment. Always consult a licensed advisor or conduct independent research.
Contact: Dani Bonocci
Website: https://www.tokenwire.io
Phone: +971586738991
SOURCE: Pepeto
Press release distribution
This release was published on openPR.
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