The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be approaching a conclusion.
Fox Business journalist Eleanor Terrett recently reported that two well-placed sources assured her the case is wrapping up, stating that the remaining barrier is the ongoing negotiations.
🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.
My understanding is that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August…
— Eleanor Terrett (@EleanorTerrett) March 12, 2025
The focus of these negotiations is Ripple’s challenge to the August 2024 district court ruling, which imposed a $125 million fine on the company and issued a permanent injunction preventing Ripple from selling XRP to institutional investors.
According to Terrett, Ripple’s legal team argues that, given the SEC’s new leadership and its reconsideration of enforcement actions against other cryptocurrency firms, maintaining the original ruling against Ripple would be inconsistent and imply wrongdoing where there may be none.
Jeremy Hogan, another prominent attorney, predicted that the ruling would be an issue. He recently highlighted the complexities involved in dismissing the case outright, because of the $125 million fine and the injunction against Ripple’s sales to institutional investors.
Recent Speculation on a Private Settlement
The SEC’s recent decisions to scale back enforcement actions against major cryptocurrency firms, including Binance, Kraken, and Coinbase, have fueled speculation about the potential dismissal of the Ripple lawsuit.
Former White House Communications Director Anthony Scaramucci added to this speculation by suggesting that the SEC had dropped its case against Ripple. During a recent episode of The Wolf of All Streets podcast, Scaramucci implied that Ripple should be included among the companies that had seen cases against them withdrawn.
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What’s Next for Ripple and the SEC?
Other experts have also weighed in on the potential timeline for the case’s resolution. Attorney Fred Rispoli recently speculated that a resolution or significant development could occur before Ripple’s April 16, 2025, filing deadline.
He noted that, while there is no formal requirement for this timeline, it is reasonable to anticipate that the case could be resolved or see significant movement by that date. However, Terrett’s report suggests the case could be settled anytime from now.
The Ripple lawsuit has been a focal point in the cryptocurrency industry. Its resolution would mark the end of the SEC’s war on crypto, and usher in a new age for crypto regulation and sensible laws.
Terrett explained that the Ripple lawsuit is taking longer to resolve because there is no playbook for complicated scenarios like this. The crypto market watches eagerly to see what steps Ripple and the SEC take next.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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