Crypto
crypto
Sage D. Young

The SEC and Ripple jointly dismiss their appeals, ending long legal battle

The enduring legal dispute between the US Securities and Commissions Office and Ripple Labs has drawn to a close, which lifted the price of XRP on the news, though the token is trending down as of writing.

On Thursday, the SEC and Ripple Labs filed a joint stipulation to dismiss their appeals with the Second Circuit as both parties agreed to bear its own costs and fees. 

The outcome clears regulatory uncertainty that has weighed on the token’s prospects since 2020, when the SEC initially charged Ripple for offering unregistered securities to investors. 

XRP, the third-largest cryptocurrency, is seeing elevated trading volume. Yesterday, the token’s 24-hour trading volume stood at about $4.6 billion, but the figure has jumped to $11.6 billion as of 10:50 a.m. ET, data from CoinGecko shows. Traders on Korean-based exchange Upbit have generated $1.1 billion in 24-hour volume, making up nearly 10% of the total trading activity on the platform. 

SEC and Ripple End Appeals, Closing Landmark Crypto Case as XRP Soars - Decrypt

SEC and Ripple End Appeals, Closing Landmark Crypto Case as XRP Soars - Decrypt

The outcome clears regulatory uncertainty that has weighed on the token’s prospects since 2020, when the SEC initially charged Ripple for offering unregistered securities to investors. 

XRP, the third-largest cryptocurrency, is seeing elevated trading volume. Yesterday, the token’s 24-hour trading volume stood at about $4.6 billion, but the figure has jumped to $11.6 billion as of 10:50 a.m. ET, data from CoinGecko shows. Traders on Korean-based exchange Upbit have generated $1.1 billion in 24-hour volume, making up nearly 10% of the total trading activity on the platform. 

More Crypto

See all Crypto
Sage D. Young
59m
Standard Chartered predicts ethereum will more than double this year

The investment bank thinks the prospects for ethereum have improved citing Bitmine’s continued buying, stablecoin adoption, the plan to increase the network’s throughput, and the passage of crypto-focused legislation.

Fortune Teller Looking in a Crystal Ball
Yaël Bizouati-Kennedy
Bitcoin bulls
5h
Standard Chartered still sees bitcoin hitting $150,000 in 2026

The firm expects bitcoin to hit a new all-time high in the first half of the year, and predicts the asset will hit $500,000 in 2030.

bitcoins on the eyes
Sage D. Young
1/9/26
Polygon’s token leads early gains on Friday, nearing a 2-month high

Transaction fees, which are paid in the network’s native token and also burned, have reached record levels.

Old Computer
Yaël Bizouati-Kennedy
1/9/26
Analysts see “signs of stabilization” for bitcoin ETFs, previous crypto position reduction “behind us”

Bitcoin ETFs have seen over $1.1 billion leave the funds in the past three days, but the worst may be over, JPMorgan analysts say.

Bitcoin balloon deflated
crypto
Sage D. Young

Trump-connected WLFI token jumps to 3-month high on news of banking application

World Liberty Financial’s token, WLFI, is the top cryptocurrency gainer in the last 24 hours, peaking at a three-month high of 18.5 cents after the Donald Trump-backed crypto firm announced that a proposed entity has applied for a US banking charter. 

According to a press release, World Liberty Trust Company filed a de novo application with the Office of the Comptroller of the Currency, a branch of the US Treasury Department tasked with supervising and regulating national banks. 

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services. 

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1. 

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services. 

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1. 

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2026 Sherwood Media, LLC