The authorized battle between Ripple and the U.S. Securities and Trade Fee (SEC) nonetheless continues to attract the eye of People in addition to the remainder of the world. With some main updates which have occurred in latest occasions, its laborious to maintain observe of what’s occurring.
At the moment, the SEC has reassigned its chief litigation counsel, Jorge Tenreiro, to a brand new function within the company’s Data Expertise (IT) division. He has performed a pivotal function within the lawsuits in opposition to Ripple and Coinbase. This motion affirms the speculation that the SEC is altering its strategy towards cryptocurrency regulation.
The forty seventh president, Donald Trump, has appointed Mark Uyeda as acting SEC chair. Previous to him, Gary Gensler was the SEC chair, and he was hated by the crypto neighborhood for his strict adherence to insurance policies. Nonetheless, the brand new chair, Uyeda, helps Trump’s pro-crypto agenda.
He has established a activity drive led by Commissioner Hester Peirce. She is understood for her pro-crypto views to develop a complete regulatory framework for digital property.
The case of Ripple has been moved from the agency’s website, giving rise to hypothesis that the authorized battle could also be nearing its finish. Nonetheless, it has not been fully eliminated and has simply been moved to the ‘Court docket of Appeals’ part.
This means the decision remains to be removed from over, because the SEC nonetheless desires to hold on the combat it doesn’t matter what. The authorized proceedings are nonetheless ongoing, with Ripple in search of extra time to reply, regardless of a partial victory in 2023.
Ripple defends its stance, claiming that XRP shouldn’t be a safety. They declare that the enterprise has not participated in any fraudulent operations. Ripple requested an April 16, 2025, deadline to answer the SEC’s enchantment, which challenges a court docket ruling that some XRP gross sales are usually not securities.
On this battle, authorized professional and pro-XRP advocate John Deato has suggested that SEC’s enchantment lacks energy. Regardless of the SEC’s dissatisfaction with the court docket’s resolution, particularly with over 75,000 XRP holders backing Ripple, Deaton believes the enchantment is weak.
