Ripple Labs has just received rare approval from the U.S. Securities and Exchange Commission (SEC), clearing a major hurdle and allowing it to raise private capital more freely. This follows the dismissal of an appeal related to a 2023 court ruling that barred Ripple from using Regulation D, a common fundraising method for accredited investors not formally registered with the SEC.
The SEC lifted the ban in May, citing “good cause,” as part of a broader settlement. While this doesn’t erase Ripple’s past problems, it means they can now sell XRP to private investors, increasing liquidity and facilitating growth. XRP surged to $3.29, up over 4% today, 11% this week, and 481% year-to-date, far outperforming both Bitcoin and Ethereum.
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