The SEC’s lawsuit against Ripple has officially ended, marking a major victory for the crypto industry. Crypto analyst and influencer WendyO noted the significance of the decision, stating, “The SEC versus Ripple case is essentially over.

Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator's prior chief had said would make it harder to oversee cryptocurrency markets.

The XRP token, created by founders of what eventually became Ripple Labs Inc., was at the center of the SEC’s case against the company, and is one of