The SEC’s lawsuit against Ripple has officially ended, marking a major victory for the crypto industry.

Crypto analyst and influencer WendyO noted the significance of the decision, stating, “The SEC versus Ripple case is essentially over.”

Ripple CEO Brad Garlinghouse confirmed the news, posting on X, “The SEC is set to drop the appeal against Ripple and the case has ended. It is over.”

XRP surged 12% on the news, trading at around $2.50. However, Ripple’s Chief Legal Officer Stuart Alderoty suggested there may be more legal moves ahead. “With the SEC dropping its appeal, Ripple is now in the driver’s seat and will evaluate how best to pursue our cross-appeal,” he said. “Regardless, today is a day to celebrate this victory.”

WendyO noted the long-term impact of Judge Analisa Torres’ ruling that XRP is not a security in secondary markets. “Judge Torres ruled that XRP is not a security on the secondary market. That ruling still stands, and that’s a win for retail investors,” she said.

Meanwhile, Bitcoin is seeing strong institutional inflows. “According to The Block, U.S. spot Bitcoin ETFs saw 209 million in net daily inflows,” WendyO reported. “That means money is going into the market, marking the third consecutive day of positive flows.”

However, Ethereum is struggling. “Unfortunately, Ethereum ETFs saw their 10th straight day of outflows. That means people are selling,” she noted.

Ethereum price forecasts have also been slashed. “Charter Bank changed their Ethereum price target from $10,000 at the end of 2025 to $4,000,” she pointed out. As of March 19, ETH was trading at $2,000.

WendyO also discussed stablecoin dominance, highlighting that USDC and USDT drove $850 billion in transaction volume in February. “This concentration reflects the market’s preference for established stablecoins,” she said.

DeFi is seeing renewed institutional interest, but with a regulatory twist. “83% of institutional investors plan to increase their exposure in crypto this year,” WendyO reported, citing Coinbase data. However, she noted that 52% of investors still see volatility as a concern.

Coinbase is also shaking up DeFi with KYC requirements. “Coinbase introduces KYC-verified liquidity pools for DeFi swaps and trades,” WendyO said. “This will be built on Base and Uniswap v4, but only in select regions like the U.S. and Singapore.”