SEC Ends Ripple $XRP Lawsuit

Ripple Triumphs Over SEC, XRP Surges

Legal Fight Concludes: On March 19, 2025, Ripple CEO Brad Garlinghouse announced, "This case has ended," marking the close of a 4-year legal battle with the SEC. It began in December 2020 when the SEC sued Ripple, alleging $1.3 billion in unregistered XRP sales. Garlinghouse hailed the resolution as a victory after years of contention.

XRP Price Soars: Following the announcement on March 19, 2025, XRP’s price surged over 8%, climbing above $2.50. Garlinghouse called the SEC’s case "doomed from the start" and part of a "war on crypto," noting it wasted time and resources. The price jump reflects market confidence in Ripple’s win.

SEC Changes Approach: Since January 2025, under new leadership, the SEC has shifted gears, dropping multiple cases and launching a crypto task force. Ripple settled with a $125 million fine in August 2024. Garlinghouse urged the crypto community to stay vigilant as regulations evolve. Read More.

️ On today's Top Picks:

  1. 🗣️ Trump to address audience at Blockworks Digital Asset Summit 2025.
  2. 🚀 Volatility Shares to launch two Solana $SOL Futures ETFs.
  3. 🪂 Nillion updates $NIL airdrop eligibility & allocation checker.
  4. 📈 US Federal Reserve leaves interest rates unchanged at 4.25%-4.5%.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ Ripple Labs CEO Brad Garlinghouse says US SEC will drop lawsuit against Ripple $XRP; SEC accused Ripple of selling XRP as an unregistered security in December 2020.

• ⭐️ US President Trump to address audience at Blockworks Digital Asset Summit 2025 on March 20th; Trump to potentially announce plans for next steps in crypto policy.

Ethereum $ETH developers to end support for Holesky testnet in September; launches new 'Hoodi' testnet with Pectra upgrade activating on March 26th.

• ⭐️ Volatility Shares to launch two Solana $SOL Futures ETFs on March 20th; $SOLZ gives investors exposure to Solana futures contracts and $SOLT "seeks daily investment results … that correspond to two times the return of the price of Solana.”

Raydium $RAY to launch LaunchLab, a token launchpad similar to Pump[.]fun; news follows recent reports of Pump[.]fun developing its own AMM.

Nasdaq submits 19b-4 filing to list Polkadot $DOT ETF on behalf of 21Shares; also, Grayscale filed to launch a Polkadot ETF in February.

Alpha


Taproot Wizards reveals whitelist for upcoming NFT mint; Taproot Wizards recently raised $30M in funding led by Standard Crypto.

Initia extends migration for Initia Wallet Extension users until March 21st; last chance to migrate and keep testnet data.

Treehouse launches Games Room; hold at least 0.1 $tETH or hold at least 1 Treehouse Squirrel Council NFT to gain access; earn Treehouse items with "future utility".

Reya launches OG NFT mint; OG NFT Traders, OG Alpha Stakers, & Voltz OG Tier 3 or Legendary are eligible to mint; "This NFT is your key to permanent perks, secret drops and insider access."

WalletConnect launches $WCT Transferability Proposal on Snapshot; voting closes on March 26th.

Airdrops


• ⭐️ Nillion updates $NIL airdrop eligibility & allocation checker; team identified a handful of bugs that have now been resolved.

Shardeum 'early' $SHM airdrop registration ends on March 21st; users who register after March 21st to receive airdrop after TGE.

Gyroscope launches $GYFI airdrop claim; SPIN holders, Founding Member NFT holders, & Galxe participants are eligible.

Binance launches Bubblemaps $BMT HODLer Airdrop; $BNB Simple Earn and/or On-Chain Yields subscribers from March 2nd to March 6th are eligible.

ICYMI Mira Airdrop Strategy by Earndrop.

Finance News


• ⭐️ US Federal Reserve leaves interest rates unchanged at 4.25%-4.5%; says uncertainty around economy has increased; marks up their 2025 inflation forecast.

Bank of Japan keeps interest rates unchanged at 0.5%; policymakers to spend more time gauging how prospects of higher US tariffs affect the export-reliant economy.

Strategy $MSTR launches $STRF, a new perpetual preferred stock offering; to raise $500M to fund additional Bitcoin $BTC purchases.

Metaplanet $3350.T buys 150 Bitcoin $BTC for ~$12.5M at ~$83,508 per Bitcoin; holds 3,200 Bitcoin worth ~$266M.

Ark Invest to bring some of its funds onchain once the regulatory environment allows for it; to potentially tokenize its Venture Fund $ARKVX or Digital Asset Revolution Fund.

Google $GOOG $GOOGL acquires Wiz, a cloud security startup, for $32B; Wiz to remain an independent platform that will work across all cloud providers.

Security and Exploits


Microsoft declines to fix actively exploited Windows zero-day vulnerability, categorizing it as low severity; flaw allows attackers to execute hidden commands using malicious shortcut .lnk files.

Bitdefender uncovers ad fraud campaign involving at least 331 malicious apps with over 60M downloads on Google Play; apps attempt to steal credentials and credit card data through phishing attacks.

WhatsApp patches zero-day vulnerability used to install Paragon's Graphite spyware; attackers would add targets to a WhatsApp group, send a PDF which would automatically process, and load the Graphite spyware.

Token Unlocks


• Polyhedra $ZKJ / ~$32M / MAR 19th
• Immutable $IMX / ~$15M / MAR 21st
• Space ID $ID / ~$20M / MAR 22nd
Sourced from Tokenomist


Funding


VIA raises $28M in Series B funding led by Bosch Ventures.

Crossmint raises $23.6M in Series A funding led by Ribbit Capital.

Halliday raises $20M in Series A funding led by a16z crypto.

Utila raises $18M in Series A funding led by Nyca Partners.

Privy raises $15M in funding led by Ribbit Capital.

Pluralis Research raises $7.6M in Seed funding led by Union Square Ventures & CoinFund.

YEET raises $7.75M in Seed funding led by Dragonfly.

Opinion Labs raises $5M in Seed funding led by YZi Labs.

Hibachi raises $5M in Seed funding from several investors.

Stable Sea raises $3.5M in funding led by Kindred Ventures.

Level raises $2.6M in Strategic funding led by Dragonfly.

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That’s it for today’s edition! See you soon.

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