SEC Removes Ripple Case: What It Means for the Crypto Industry
Date: 2025-01-29 Author: Henry Casey Categories: BUSINESS
The SEC-Ripple lawsuit has been at the center of discussions in the crypto industry for a long time. The process has been going on for four years, and each new development in the case has affected the price of the XRP cryptocurrency. After Donald Trump won the US election, the crypto community became more confident that the prosecution of Ripple could be stopped under the leadership of the new SEC chairman. Following this, the XRP rate increased significantly, showing an increase of more than 400% in recent months.
Despite the fact that the SEC filed an appeal against Ripple, which could mean that the process is being delayed, on January 28, social media users began to notice the strange disappearance of all materials related to this case on the official website of the regulator. One of the first to write about this was influencer John Squire on X (formerly Twitter), indicating that not a single result was found when searching for mentions of Ripple. This gave rise to rumors that the legal battle was over.
If this information turns out to be true, it will be an important moment for the entire crypto sphere. It may indicate a significant change in the approach to regulating digital assets after Trump’s arrival in the White House. The crypto community is also discussing that other lawsuits against companies such as Kraken and Coinbase are still on the SEC website, which makes the disappearance of the case against Ripple even more mysterious.
However, not everyone is so optimistic. One social media user noted that the SEC website is not always the primary source of information, and the Ripple appeal is still active in the national PACER system. Recent updates indicate an extension of the filing deadline in the case, confirming that the process is not yet complete.
However, many industry experts believe that the SEC will indeed soon pause the Ripple case.
