PANews reported on March 19 that Ripple CEO Brad Garlinghouse announced that after more than four years of litigation, the SEC will give up its appeal against Ripple, marking the end of the four-year lawsuit. Garlinghouse said that this case was doomed to fail from the beginning, and Ripple always believed that it was on the right side of the law and believed that history would eventually prove it right. He also pointed out that this victory is not only of great significance to Ripple, but also has a wide-ranging impact on the entire crypto industry.