Skip to main content

Ripple Vs. SEC: Lawyer Explains Delayed Case Resolution

In the wake of a series of dropped investigations against prominent crypto companies, legal experts are weighing in on what these developments could mean for Ripple Labs’ long-standing dispute with the US Securities and Exchange Commission (SEC).

On Monday, Robinhood confirmed it had received a letter from the SEC stating the closure of the regulator’s investigation into its crypto operations—a probe that originally stemmed from a Wells Notice the company received in May 2024. Coinbase Chief Executive Brian Armstrong also revealed last week that a similar SEC investigation into the exchange had been terminated with no further action. In addition, the NFT marketplace OpenSea previously saw its own SEC probe dismissed.

These terminations follow a growing trend: The SEC has been systematically closing or dismissing legal actions against crypto-focused entities—a stark departure from the more combative approach under former SEC Chair Gary Gensler. Notably, Gensler resigned on January 20, 2025, the day Donald Trump was inaugurated as President of the United States. Under interim SEC head Mark Uyeda, the agency has assembled a specialized crypto task force overseen by Commissioner Hester Peirce to clarify digital asset regulations.

What Is Delaying The Ripple Vs. SEC Case Resolution?

James “MetaLawMan” Murphy of Ludlow Street Advisors, LLC, took to social media platform X to highlight the significance of these recent SEC moves: “SEC closes investigation of Robinhood crypto business after previously issuing Wells Notice. The post-Gensler SEC appears to finally recognize that most crypto tokens are not securities. We should see dismissals of cases against Gemini, Kraken, Binance, Ripple & others.”

Meanwhile, he also highlighted why the Ripple case could last a tad longer to get a case resolution in contrast to the other firms. “The only reason I list Ripple last is the complexity involved in negotiating a resolution. Ripple is the only live crypto case with a final judgment in place. So, the SEC & Ripple lawyers must negotiate what to do about the judgment & the money escrowed for that judgment. That takes time,” Murphy stated via X.

Meanwhile, pro-XRP attorney Jeremy Hogan recently commented on how rapidly the SEC’s stance has shifted in certain cases, predicting that the SEC could drop the Ripple case even more the new SEC chair Paul Atkins is sworn into office.

“The Coinbase Case was Dismissed WITH Prejudice – meaning it cannot be refiled later; not even a settlement agreement with some minor concessions! I guess this SEC is not waiting for Atkins to be confirmed before making big crypto moves. Ripple [is waiting in line],” Hogan wrote via X.

Overall, Murphy’s statement underscores that while other cases may be swiftly dismissed, Ripple’s situation is more complicated due to the existing court decision. To resolve those details, both the SEC and Ripple’s legal team must agree on how to handle the judgment, a process that requires time.

At press time, XRP traded at $2.2191.

XRP price

from Bitcoinist.com https://ift.tt/0T2EZlK
Labels:

Comments

Post a Comment

Popular posts from this blog

Ethereum On Exchanges Crashes To Historic Low Amid Market Volatility, A Bullish Signal For Price?

Ethereum saw a bounce back above the $3,000 price market , with bullish sentiment gaining momentum among investors, especially those on centralized exchanges. Even with the market experiencing sideways movements, the overall supply of ETH on crypto exchanges has fallen sharply, hitting unprecedented levels. Lowest Supply Of Ethereum On Exchanges Recent signals from on-chain metrics indicate that the Ethereum market environment is undergoing a quiet yet significant transformation. This unfolding trend is due to the sharp drop in the supply of ETH available on cryptocurrency exchanges. Related Reading: Ethereum Network Fatigue? Monthly On-Chain Transactions Drops As Activity Slows Down As reported by Coin Bureau on the social media platform X, ETH supply on centralized exchanges has hit levels not seen in years. With more holders choosing long-term storage, staking, and self-custody over keeping their assets available for trade, this significant supply drain indicates a change in i...
Post a Comment
Read more

Coinbase Adds Wormhole To Spot Trading As Solana Infrastructure Tokens Gain Visibility

Coinbase listings still matter, even in a market that likes to pretend every token is already globally accessible. The exchange ’s decision to add Wormhole puts another major infrastructure name in front of a much broader pool of traders. That matters because Wormhole is not just another speculative ticker. It sits inside one of crypto’s most important, and most debated, categories: cross-chain connectivity. For more details, visit the official Coinbase platform. TL;DR Coinbase is adding support for Wormhole’s W token on spot markets. The listing gives a higher-profile venue to a token tied to cross-chain infrastructure. It also keeps Solana ecosystem names in front of mainstream exchange users. Why A Wormhole Listing Is Interesting Bridge and messaging infrastructure often do not get the same retail attention as consumer-facing protocols, but they matter enormously to how liquidity and applications move between ecosystems. Coinbase’s listing helps push t...
Post a Comment
Read more

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....
Post a Comment
Read more