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COINTURK NEWS > Ripple (XRP) > SEC Backtracks on Lawsuits, Leaving Ripple’s Fate in the Balance
Ripple (XRP)

SEC Backtracks on Lawsuits, Leaving Ripple’s Fate in the Balance

In Brief

  • The SEC has withdrawn lawsuits against several cryptocurrency companies, igniting market speculation.

  • Critical dates have been set for the ongoing Ripple-SEC legal battle.

  • Experts debate potential shifts in SEC policies regarding cryptocurrency enforcement.

Ömer Ergin
Ömer Ergin 3 months ago
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The U.S. Securities and Exchange Commission (SEC) has unexpectedly withdrawn lawsuits against Coinbase, Consensys, and Gemini. Meanwhile, the case against Binance has been suspended for 60 days. These developments have sparked speculation about a new phase in the long-standing legal battle between Ripple $2 and the SEC. However, despite these positive expectations, XRP’s price fell by 10% during the day due to Donald Trump’s new customs tax policy.

Contents
Critical Dates Set in the XRP CaseIs the SEC Changing Its Cryptocurrency Policies?

Critical Dates Set in the XRP Case

Legal expert Jeremy Hogan highlighted March 14, April 11, and May 1, 2025, as critical dates for the Ripple-SEC case. Although the SEC has recently withdrawn multiple lawsuits, Hogan does not anticipate a quick resolution due to the complexity of the Ripple case.

Following last year’s partial ruling in favor of Ripple, the SEC is pushing for a $125 million fine against the company. Legal expert Fred Rispoli believes the parties may reach a settlement soon, suggesting that Ripple could resolve the case by paying the $125 million fine.

Is the SEC Changing Its Cryptocurrency Policies?

Under Gary Gensler, the SEC imposed strict penalties on cryptocurrency companies, putting pressure on the sector. However, the recent withdrawal of lawsuits has led to speculations about a possible shift in the agency’s stance.

Ripple – SEC Case and XRP

While some analysts suggest that the SEC might backtrack in the Ripple case, experts like Jeremy Hogan and MetaLawMan argue that this is unlikely. It has been noted that the SEC may appeal Judge Analisa Torres’ decision, which ruled that XRP’s programmatic sales are not considered securities.

Former SEC official John Reed Stark views the agency’s recent actions as a sign of weakness. He believes that withdrawing from legal battles could diminish the SEC’s influence over the market.

Currently, the legal battle between Ripple and the SEC is at a critical juncture. If the court supports Judge Torres’ decision, it would be a significant victory for Ripple and the cryptocurrency industry. However, if the SEC decides to appeal, it could prolong the legal process further, making upcoming legal developments a focal point for observers.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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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Ömer Ergin 28 February, 2025 - 5:36 pm 28 February, 2025 - 5:36 pm
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