The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple Labs, concluding a four-year legal battle that began in December 2020 regarding the classification of XRP as a security. This decision includes a $125 million penalty for Ripple. Following the announcement, XRP saw a price increase of 7%. The SEC's move is viewed as a pivotal moment for the broader cryptocurrency industry, potentially paving the way for the launch of Exchange-Traded Funds (ETFs) related to XRP. Additionally, the SEC's decision coincides with the debut of Solana futures ETFs in the U.S., which are expected to attract significant investor interest. The cryptocurrency market reacted positively, with Bitcoin trading at approximately $85,700, Ethereum at around $2,005, and Solana at $134, marking gains of 3%, 4%, and 6% respectively. This legal resolution is anticipated to influence future regulatory approaches to cryptocurrencies in the U.S.