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The ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple 
$2 continues to create significant waves in the cryptocurrency market. While the SEC has resolved several other cases swiftly, the complexity surrounding the legal proceedings related to XRP may prolong the process. Legal experts emphasize the disagreements and difficulties in the negotiation process that are characterizing this case.
Reasons for SEC’s Delay in the XRP Case
Previously, the SEC had made positive strides in the cryptocurrency market by reviewing ETF applications and closing some investigations. However, the situation with the XRP case is markedly different. Legal expert James Murphy notes that the ruling regarding whether Ripple constitutes a security will dictate the terms of the negotiations, extending the timeline.
According to Murphy, Ripple is currently the sole cryptocurrency case being negotiated with a definitive court ruling. This unique position is causing delays in the parties reaching an agreement on compensation and implementation of the decision. The SEC appears to be exercising more caution in this case compared to previous ones.
Conflicts of Interest and Their Implications on the Case
Conflicts of interest within the SEC are raising questions about the Ripple case. The organization Empower Oversight has alleged that former SEC official Bill Hinman exhibited bias against XRP. Hinman’s assertions that Bitcoin 
$104,653 and Ethereum 
$2,483 are not securities have bolstered claims that XRP is being unfairly targeted.
This situation has sparked debates about the SEC’s impartiality. Ripple’s defense team highlights inconsistencies in the SEC’s decisions within their court filings. Some in the cryptocurrency market believe that the SEC’s determinations lack transparency regarding their market impact.
On a different note, the SEC’s dismissal of charges against Coinbase and the closure of investigations into Robinhood suggest that some cases are being resolved more rapidly. The reason for the XRP case being treated differently continues to be a point of curiosity.
As uncertainty surrounding cryptocurrency regulations persists in the United States, the developments in the XRP case are being closely monitored by investors and market experts alike.
