Indication of Possible Ripple Settlement or SEC Withdrawal of Appeal

Vincent Van Code, a well-known cryptocurrency analyst, recently hinted at a potential settlement or withdrawal of the U.S. Securities and Exchange Commission’s (SEC) appeal in its case against Ripple Labs.

In a tweet, he stated that while the possibility exists, it may not occur in the short term. He emphasized a cautious approach, suggesting investors focus on market momentum for short-term strategies, adding a disclaimer that his insights are not financial advice.

Van Code’s comments coincided with an announcement by KuCoin, a leading cryptocurrency exchange, which declared it had settled with U.S. authorities.

KuCoin highlighted that the settlement represents “a major step forward” in its regulatory journey, solidifying its compliance efforts while continuing to serve over 38 million users globally. This development has intensified speculation about regulatory outcomes for other major crypto-related cases, such as Ripple’s ongoing legal battle with the SEC.

Impact of SEC Closed Meeting Under Acting Chairman Mark Uyeda

Further fueling speculation is the SEC’s closed meeting on January 23, 2025. According to a Times Tabloid report, this meeting was the first significant action under the agency’s new acting chairman, Mark Uyeda. With no public disclosure of the topics discussed, many within the crypto industry speculate about its potential implications, particularly for Ripple’s case.

An X user commenting on Van Code’s tweet noted that decisions made during the meeting could require three days before the announcement. If accurate, this would place January 26 as a potential date for news regarding Ripple. However, the SEC has not confirmed any connection between the meeting and its litigation against Ripple.

Ripple’s case has been a centerpiece of regulatory debate since its inception. The SEC alleges that Ripple conducted unregistered securities offerings through XRP sales. While Ripple recorded a partial victory in 2023 when a court ruled that XRP was not a security when sold on secondary markets, the SEC appealed the decision, leaving the case unresolved.

Regulatory Clarity Remains a Priority for the Crypto Industry

KuCoin’s successful settlement highlights the increasing importance of regulatory clarity for cryptocurrency platforms in the United States. The exchange emphasized that its agreement with U.S. authorities would help strengthen compliance and innovation. For Ripple, achieving a similar resolution could be transformative, potentially setting a precedent for the broader crypto ecosystem.

Vincent Van Code’s cautious optimism reflects the view of many analysts who believe a Ripple settlement is possible but not imminent. Until an official announcement is made, the market remains in a state of uncertainty. As Van Code advised, short-term traders may be better served by monitoring market momentum rather than making speculative bets on the timing of a settlement.

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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