Ripple’s CEO Brad Garlinghouse released a statement after the final decision was made, which concluded the four-year lawsuit between Ripple and the SEC.

Garlinghouse said, “The SEC requested $2 billion, and the Court agreed they overexerted their hands by reducing that request by ~94%. We respect the Court’s decision and have the clarity to continue growing our company. This is a victory for Ripple, the industry, and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.”

The enthusiasm of the decision was also seen in the XRP price. While the cryptocurrency was traded at $0.50, it was $0.64, up more than 25% in minutes.