The SEC may withdraw its lawsuit against Ripple. According to sources, the change in leadership and new regulatory strategies could favour XRP.
According to several sources, the SEC is preparing to withdraw its lawsuit against Ripple. It was previously speculated that it was the SEC that caused the delays, but now experts suggest that Ripple is trying to negotiate favourable terms.
In August 2024, a judge had ordered Ripple to pay a $125 million fine and be permanently banned from selling XRP to institutional investors. However, the SEC could overturn these penalties, as Gary Gensler is no longer leading the commission.
The Ripple Vs SEC Battle Is About to End
The Ripple case represents a turning point for the cryptocurrency industry, particularly for the future of XRP users. It was one of the most significant actions taken by the SEC under Gensler's leadership.
Crypto journalist Eleanor Terret shared updates on X:
"Ripple's legal team is challenging the $125 million fine and ban on selling XRP to institutional investors set by the court in August, which delayed the settlement. They argue that Ripple should not be penalised alone, as the SEC's new leadership is considering a broader overhaul of cryptocurrency regulation, suggesting that the application of the law in the past was unclear. Accepting the original terms would imply an admission of guilt, something Ripple disputes, especially now that the SEC's stance on cryptocurrency regulation appears to be changing. In essence, they are seeking a more favourable settlement that reflects the new regulatory landscape."
In 2024, a federal judge had imposed on Ripple a $125 million fine and a ban on selling XRP to institutional entities. Ripple's lawyers are seeking to eliminate all or part of these penalties. If the SEC agrees, it would be a significant victory for Ripple.
In this regard, cryptocurrency lawyer Fred Respoli has commented on X:
"Although there is no formal reason to do so, it is reasonable to assume that the SEC case against Ripple will be resolved-or that something significant will happen-before Ripple's filing deadline on 16 April 2025."
The absence of updates from the SEC, which removed Ripple's case from its website in January, has fuelled speculation about a possible intentional delay by the commission. Meanwhile, the price of XRP has risen significantly, albeit with some volatility. Many believe that this situation could foster a new momentum for XRP in the future.
CZ, former CEO of Binance, did not recognise a deepfake video with his own voice. Artificial intelligence replicates faces and sounds with dangerous accuracy.
The 'Base is for everyone' token, launched as an experiment on Zora by the Base team (Coinbase), collapsed by 95% after a rapid surge and accusations of insider trading.
According to several sources, the SEC is preparing to withdraw its lawsuit against Ripple. It was previously speculated that it was the SEC that caused the delays, but now experts suggest that Ripple is trying to negotiate favourable terms.
In August 2024, a judge had ordered Ripple to pay a $125 million fine and be permanently banned from selling XRP to institutional investors. However, the SEC could overturn these penalties, as Gary Gensler is no longer leading the commission.
The Ripple Vs SEC Battle Is About to End
The Ripple case represents a turning point for the cryptocurrency industry, particularly for the future of XRP users. It was one of the most significant actions taken by the SEC under Gensler's leadership.
Since Trump returned to power, the SEC has started to withdraw several lawsuits against many companies. However, until now there had been no updates on the lawsuit against Ripple.
Crypto journalist Eleanor Terret shared updates on X:
In 2024, a federal judge had imposed on Ripple a $125 million fine and a ban on selling XRP to institutional entities. Ripple's lawyers are seeking to eliminate all or part of these penalties. If the SEC agrees, it would be a significant victory for Ripple.
In this regard, cryptocurrency lawyer Fred Respoli has commented on X:
The absence of updates from the SEC, which removed Ripple's case from its website in January, has fuelled speculation about a possible intentional delay by the commission. Meanwhile, the price of XRP has risen significantly, albeit with some volatility. Many believe that this situation could foster a new momentum for XRP in the future.
Read Next
Auradine Raises $153 Million During Mining Crisis
Auradine raises $153 million during the mining crisis.
Deepfake AI Imitates CZ Of Binance In Disturbing Ways
CZ, former CEO of Binance, did not recognise a deepfake video with his own voice. Artificial intelligence replicates faces and sounds with dangerous accuracy.
Experimental Token On Base Crashes By 95%
The 'Base is for everyone' token, launched as an experiment on Zora by the Base team (Coinbase), collapsed by 95% after a rapid surge and accusations of insider trading.
KiloEx Offers $700,000 to Hacker After Oracle Attack
KiloEx offers $700,000 to the hacker to return the stolen funds after an oracle attack that caused the platform to lose $7 million.