Something striking has happened: the American Securities and Exchange Commission (SEC) has removed all references to Ripple’s lawsuit from the official website without any notice. This directly led to speculation within the crypto world: does this mean that the legal battle has finally ended?
Sec vs. Ripple: end in sight or just a technical detail?
The lawsuit between the SEC and Ripple has been dragging on since 2020 and seemed to be heading for a completion at the end of 2024. Nevertheless, the supervisor finally decided to appeal, so that the legal uncertainty around XRP persisted. The sudden removal of the case on the SEC website therefore raises many questions about its status.
Nevertheless, legal experts warn that the case is still mentioned as ‘active’ in the Pacer system, the official American platform for legal proceedings. This suggests that the removal may not have legal significance, but is rather an administrative adjustment. In addition, it has now been confirmed that the case has been moved to the ‘Appeals Section’ of the SEC website, which indicates that the case is officially in the higher professional phase.
Trump and Atkins: a new chapter for crypto regulation?
Since the election profit of Donald Trump, the hope for a rapid completion of the court case has increased. Many investors speculate that a changing political course can lead to a milder attitude of the SEC op opposite crypto companies.
An additional reason for optimism is the possible appointment of Paul Atkins as new SEC chairman. Atkins is known as a proponent of Crypto and is seen by many as a regulator who will act less strictly against companies such as Ripple.
These developments have led to a sharp rise in the XRP race. Since Trumps victory, the value of XRP has risen by no less than 400%, partly due to speculation on a possible settlement or even a complete withdrawal of the case.
What does this mean for XRP?
Although the removal of the Ripple right case of the SEC website can be a positive signal, it is still too early to conclude that the case is actually over. The crypto community remains cautious, and so far the news has not had a noticeable impact on the XRP race. It is important that the case has now been moved to the ‘Appeals Section’ of the SEC website, which confirms that the legal battle is not yet over and is in the higher professional phase.
However, if the SEC decides to drop the lawsuit definitively, this would mean a huge breakthrough for Ripple and possibly for the entire cryptomarket. XRP would finally be given the space to rise to new heights-an opportunity to break through the all-time high (ATH) of 2018, which has still not been matched.
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Source: https://newsbit.nl/sec-verwijdert-ripple-rechtszaak-van-website-einde-in-zicht/