SEC Drops Crypto Cases, Ripple Fight Continues
Key Takeaways
The US Securities and Exchange Commission (SEC) is withdrawing several lawsuits against major crypto companies. However, the legal battle with Ripple remains ongoing. Experts suspect that Ripple itself is causing a delay to secure better conditions for a possible future securities issuance or an initial public offering (IPO).
SEC Withdraws Crypto Lawsuits – Ripple Still Affected
Under new leadership, the SEC has dropped several major lawsuits against crypto companies such as OpenSea, Robinhood, Uniswap, Gemini, MetaMask, and Coinbase. This suggests a relaxation of regulations. However, the legal dispute with Ripple remains unresolved.
Why Is the Ripple Case Delayed?
According to legal expert James Murphy, known as MetaLawMan, Ripple may be causing the delay itself. He suspects that the company is seeking a stronger negotiating position. The goal could be to overturn certain legal findings from Judge Analisa Torres’ ruling. This would benefit Ripple and the entire crypto industry in the long run.
Strategic Considerations by Ripple
Murphy argues that Ripple may be aiming for a settlement with better terms. This would be particularly relevant if the company plans a future securities issuance or an IPO. According to Murphy, the SEC would likely have accepted a settlement where both sides withdraw their appeals and Ripple pays a $125 million fine. The fact that this did not happen suggests that Ripple is working towards a more favorable outcome.
Potential Impact on Crypto Regulation
If Ripple succeeds in overturning certain legal findings from the ruling, it could set a precedent for future regulatory decisions in the crypto industry. The final decision could have far-reaching consequences for the entire sector.
What’s Next?
Murphy expects the case to be resolved before April 16, as Ripple would need to file its appeal documents by that date. Until then, the crypto community remains eager to see how the legal battle unfolds and what impact it will have on the industry.
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Our Assessment
The SEC’s decision to withdraw several crypto lawsuits indicates a shift in regulatory stance. The fact that Ripple remains in court could suggest a deliberate strategy by the company. If Ripple successfully negotiates better terms, it could benefit not only the company itself but also the entire industry. The coming weeks will be crucial.
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.38 |
| 24h % | -17.87 % |
| 7d % | 1.86 % |
| 30d % | -18.44 % |
| 60d % | 0.01 % |
| 1y % | 279.52 % |
| Official Links | Website |
| Socials | X |
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