RippleSEC Reportedly Preparing to Drop Ripple Lawsuit – What’s...

SEC Reportedly Preparing to Drop Ripple Lawsuit – What’s Next for XRP?

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  • The SEC’s potential case dismissal could boost XRP’s institutional adoption and set a precedent for future crypto regulation in the U.S.
  • XRP’s price has responded positively to the news, reflecting growing investor confidence amid expectations of a favorable resolution.

The potential dismissal of the SEC’s lawsuit against Ripple marks a pivotal moment for XRP and the cryptocurrency industry at large. A resolution could pave the way for increased institutional adoption and a more defined regulatory framework for digital assets.

Previously, CNF highlighted that legal experts believe the protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may conclude with the $125 million judgment against Ripple remaining unchanged. As stated by Fred Rispoli in his tweet:

Although there is no formal reason requiring it, it is reasonable to speculate that the SEC v. Ripple case is resolved—or at least something significant happens—before Ripple’s filing deadline of April 16, 2025.

The prolonged legal battle between the SEC and Ripple Labs, the company behind the XRP cryptocurrency, may be approaching a resolution. In addition, Eleanor Terrett shared her opinion in a tweet:

My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling $XRP to institutional investors.

Recent reports suggest that the SEC is preparing to drop its case against Ripple, a development that could have significant implications for XRP and the broader cryptocurrency market.

Background of the SEC vs. Ripple Case

In December 2020, the SEC filed a lawsuit against Ripple Labs, alleging that the company’s sale of XRP constituted an unregistered securities offering. This legal action cast a shadow over XRP, leading to delistings from several exchanges and a decline in its market value.

The case has been closely watched, as its outcome could set a precedent for how cryptocurrencies are regulated in the United States.

What’s Next for XRP? Market Reaction and Future Outlook

According to sources, the SEC is in the process of wrapping up its case against Ripple, with an official resolution expected soon. The delay in reaching an agreement is reportedly due to Ripple’s legal team negotiating more favorable terms regarding the August 2024 district court ruling, which imposed a $125 million fine on Ripple and prohibited the sale of XRP to institutional investors.

The news of a potential resolution has an impact on XRP’s price. After dipping below $2 for the first time since November, XRP rebounded to $2.14, reflecting renewed investor confidence. As of now, XRP is trading at approximately $2.24, reflecting a 3.05% increase over the past 24 hours.


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