Ripple CEO Brad Garlinghouse expressed relief after the four-year legal battle with the SEC concluded with a $125 million fine. In his statement, Garlinghouse highlighted that the SEC initially sought $2 billion, but the court significantly reduced the fine by 94%, indicating a shift in favor of Ripple. He stated, "We respect the court's decision and now have the clarity necessary to continue to grow our company. This decision is a victory for Ripple, the industry, and the rule of law. The barriers of the SEC to the XRP community have now disappeared." Following the announcement, XRP's price surged from $0.50 to $0.64, reflecting a 25% increase.