
SEC May Drop Ripple Lawsuit Soon
The SEC may withdraw its lawsuit against Ripple. According to sources, the change in leadership and new regulatory strategies could favour XRP.
The SEC may withdraw its lawsuit against Ripple. According to sources, the change in leadership and new regulatory strategies could favour XRP.
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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.
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