The post Ripple vs. SEC Update: Will New Leadership End the Case? appeared first on Coinpedia Fintech News
The ongoing Ripple vs. SEC lawsuit is back in the spotlight as legal experts predict a potential shift in the agency’s approach. With uncertainty surrounding SEC leadership and a notable change in its stance on crypto cases, speculation is rising on whether the lawsuit could be dismissed or settled soon. However, since Donald Trump’s election win, speculation over the dismissal of the Ripple Vs SEC case has surfaced, but no actions have been taken.Â
SEC’s Shift in Coinbase Case Sparks Speculation
Pro-XRP lawyer James Murphy, known as MetaLawMan, pointed out the SEC’s decision not to oppose Coinbase’s motion for an interlocutory appeal—a stark contrast to its previous stance under Chair Gary Gensler. He suggests that if the 2nd Circuit accepts the appeal, the SEC may settle or drop the case before taking a firm legal position on whether crypto assets traded on secondary exchanges qualify as investment contracts.
Moreover, this sudden shift and pro-crypto administration has fueled expectations that Ripple’s lawsuit might follow a similar path. Observers believe that if the SEC is softening its approach, a dismissal or settlement could be on the table.
Trump’s meeting with Ripple CEO before his inauguration is a signal that Ripple’s worse days are over, Ripple’s political donations are also seen as a master card to settle the case.Â
Will the SEC Start Dropping Crypto Cases?
A crucial factor in this equation is the SEC’s leadership. Murphy noted that with no Senate-confirmed chair currently in place, a new appointment—expected around March or April—could influence the agency’s decisions on pending crypto lawsuits. He also mentioned Paul Atkins as a potential nominee under the Trump administration, describing him as a less controversial choice.
However, Murphy also pointed out that SEC Commissioners Hester Peirce and Mark Uyeda currently hold the votes to take action on cases, meaning that decisions could still move forward before a new chair takes office.
What’s Next for the Ripple Lawsuit?
Reports of the SEC removing the Ripple lawsuit from its website sparked rumors of a settlement, but attorney Sherrie clarified that the case is now listed under the Court of Appeals due to its new case number. Ripple is set to submit its appeal-related brief by April 16, with attorney Jeremy Hogan speculating that the SEC could drop the case around April or May—aligning with the expected leadership change.
While some believe the SEC’s Coinbase shift indicates a similar approach for Ripple, others argue that an acting chair is unlikely to make a major decision like dropping the lawsuit. For now, the case is still progressing, but all eyes are on April as a potential turning point in this high-profile legal battle.
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