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COINTURK NEWS > Ripple (XRP) > Ripple’s Legal Battle Sparks Speculation After SEC Removes Case Details
Ripple (XRP)

Ripple’s Legal Battle Sparks Speculation After SEC Removes Case Details

In Brief

  • SEC's removal of Ripple case information triggers speculation in the crypto community.

  • Legal experts confirm that the case remains active despite the website changes.

  • Ripple's strong legal position supports its ongoing presence in the cryptocurrency market.

İlayda Peker
İlayda Peker 3 months ago
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The U.S. Securities and Exchange Commission (SEC) has removed all information regarding its lawsuit against Ripple $0.007468 from its official website. This move has fueled speculation within the XRP community that the case may be concluded. However, experts assert that the case remains active in legal databases, and Ripple’s legal team has expressed expectations for a resolution within this year.

Contents
Changes on SEC’s Website and Its ImplicationsLegal Process and Expectations

Changes on SEC’s Website and Its Implications

The deletion of content related to the Ripple case from the SEC’s official site has caused an immediate shock in the cryptocurrency community. Community members believe that the decision signals a potential development in the case. Some users suggested that the information was moved to a “pending” category, but no such section exists on the SEC website.

Attorney Jeremy Hogan commented that courts do not take into account changes made to the SEC’s website. He noted that while this action may relate to an internal SEC regulation, it does not affect the legal proceedings. Furthermore, it has been confirmed that the case is still active in legal databases.

Legal Process and Expectations

Ripple’s lead defense attorney, Stuart Alderoty, mentioned that while the case could extend until 2025, it may still be resolved this year. Alderoty emphasized that much of the current discourse is “unnecessary noise,” asserting the company’s strong legal position. Ripple continues to solidify its stance in the cryptocurrency market with recent licensing acquisitions.

Legal experts argue that the SEC may introduce new arguments during the appeals process; however, they believe this will not fundamentally alter the course of the case. Despite potential delays, the XRP community remains supportive of Ripple’s legal fight, with speculations likely to persist until official announcements are made.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 29 January, 2025 - 10:35 am 29 January, 2025 - 10:35 am
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