The SEC’s recent actions have caused a stir in the crypto community. They have removed references to their lawsuit against Ripple from their website. This has led to speculation that the case might be dropped. However, legal experts confirm that the lawsuit is still active on PACER, the official court database.
The legal dispute between Ripple and the SEC has been ongoing for four years. There have been rumors of a settlement, which have caused XRP’s price to rise significantly. Since Trump’s election win in November, XRP has increased by over 400%. Many investors hoped the lawsuit would be dismissed with the new administration.
Despite the website changes, the SEC recently filed an appeal, indicating that the case is still in progress. Meanwhile, crypto enthusiasts have noticed the absence of the Ripple lawsuit on the SEC’s site, while cases against Kraken and Coinbase are still listed. This has led to questions about whether Ripple is free from the SEC. Crypto influencer John Squire expressed excitement on social media, wondering if this marks the end of the legal battle.
Ripple CEO Brad Garlinghouse has been critical of the SEC’s approach, particularly under former Chair Gary Gensler. Some believe the removal of the lawsuit from the SEC’s website indicates a change in regulatory attitude with the new administration.
However, not everyone agrees with this interpretation. An attorney pointed out that the SEC’s website is not a legal authority. They noted that the appeal remains open on PACER, with the last entry being Ripple’s request for an extension. The case is still active.
Despite the uncertainty, analysts believe the lawsuit will eventually be resolved. They suggest that regulatory attitudes may be shifting, leading to a reduction in enforcement actions against the crypto industry. As of now, XRP’s price has not reacted significantly to these developments.
