The US SEC has withdrawn Ripple's lawsuit and issued a statement saying Ripple's defense is inappropriate.

Today, March 10, in a lawsuit filed on March 9, Analisa Torres of the District Court for the Southern District of New York, the United States Securities and Exchange Commission (SEC) entered into justice with Ripple advising him "the right letter". , denied that the administration intended to dismiss the lawsuit. Police argued that Ripple's defense is illegal and that the SEC has no obligation to warn industry participants of the illegality of other participants in private investigations. SEC attorney Jorge Tenreiro said Ripple was trying to avoid liability for XRP products that were not registered by transferring responsibilities to the SEC. Previously, Ripple said the SEC failed to provide Rpple with a reasonable report on the announcement and sale of XRP, saying the SEC's first change was "a complete failure."