After nearly four years of battling the U.S. Securities and Exchange Commission (SEC), blockchain payments company Ripple Labs has finally received much-needed clarity from the court regarding its XRP sales.

On Wednesday, U.S. District Judge Analisa Torres concluded that the SEC’s motion for remediation and motion for final judgment were granted and partially denied.

As a result, the court imposed a civil penalty of $125,035,150 on Ripple and ordered the company to cease and desist from further securities law violations.

Ripple Community Celebrates

The Ripple and XRP global community expressed their delight at the final ruling in the lawsuit filed by the U.S. Securities and Exchange Commission. Moreover, the court reduced the SEC’s request by 94%, which is a major victory for the Ripple community.

Jeremy Hogan said the ruling also brings much-needed clarity to Ripple’s use of On-Demand Liquidity (ODL).

“I think Ripple will be able to use its ODL product — it just has to be careful. But that’s been the case since July of last year,” Hogan noted.

XRP price is about to rise

Following the ruling in Ripple’s favor, XRP prices have risen more than 17% in the past 24 hours, hovering around 60 cents in early Asian trading Thursday.

With a fully diluted valuation of around $60 billion and average daily trading volume approaching $4 billion, the large-cap altcoin is on the verge of a major bullish wave after six years of triangular consolidation.

According to on-chain data analysis provided by Santiment, XRP whales and sharks have accelerated their accumulation to an all-time high.

Notably, XRPL accounts with balances between 1 million and 10 million XRP coins now hold over 7 billion XRP coins, valued at over $4.4 billion.

Impact on the crypto industry

The final ruling in the SEC v. Ripple case marks a major milestone for the cryptocurrency industry, especially in the U.S. However, the SEC has backed off from a major investigation into several altcoins including Solana (SOL), Cardano (ADA), BNB, and Ethereum (ETH).

The final ruling in the SEC v. Ripple case will trigger further mass adoption of digital assets and web3 products. As a result, the ongoing macro crypto bull run will include more participants in the long run.