Opinion: The dismissal of the Ripple lawsuit marks the end of the SEC's crackdown on the cryptocurrency industry

ChainCatcher news, according to CNBC, Ripple announced this week that the U.S. Securities and Exchange Commission has officially withdrawn its four-year lawsuit against the company. CNBC stated that this represents the end of the SEC's years-long crackdown on the cryptocurrency industry. The Ripple case may become the final chapter of related lawsuits, as this case was filed on the last day of former SEC Chairman Jay Clayton's tenure.

As of now, lawsuits or investigations against Coinbase, Kraken, Robinhood, Binance, and OpenSea have all been withdrawn, resolved, or put on hold.