• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Could SEC Meeting Signal Resolution in Ripple Case?

user avatar

by Giorgi Kostiuk

6 months ago


The ongoing legal battle between Ripple and the SEC has attracted renewed attention due to recent developments within the federal agency.

Introduction to Ripple and SEC Dispute

The lawsuit between Ripple and the SEC remains unresolved despite changes in the agency's leadership. Gary Gensler stepped down as SEC chairman on January 20, replaced by Mark Uyeda as the acting chair. The core of the dispute lies in whether XRP should be classified as a security. The SEC claims Ripple sold XRP as an unregistered investment. In 2023, Judge Analisa Torres ruled that XRP sales on public exchanges did not constitute securities transactions. However, the agency recently filed an appeal to this ruling, extending the legal proceedings.

Will SEC Meeting Bring News?

The first closed meeting under the new chairmanship is set for January 23. There's speculation that the SEC might discuss the Ripple case, though former SEC regional director Marc Fagel pointed out that expecting major developments is unwarranted, as such meetings occur regularly.

What's Next for Ripple and SEC?

While Gensler has left the agency, the challenge of resolving the case persists. The parties continue to clash over the status of XRP in court. Even though a judge fined Ripple $125 million, the SEC's appeal has renewed the lawsuit, prolonging the matter indefinitely.

Although the SEC's closed meeting has generated speculation, experts advise against expecting an immediate resolution to the Ripple conflict. The legal case remains complex and requires substantial effort for a final verdict.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Binance Signals Possible Delisting for Three Tokens

chest

Binance reviews potential removal of three tokens due to non-compliance with listing standards.

user avatarGiorgi Kostiuk

BridgePort Secures $3.2 Million for Crypto Infrastructure Development

chest

BridgePort raised $3.2 million to enhance its infrastructure, with no direct impact on tokens identified.

user avatarGiorgi Kostiuk

Approval of Dubai's First Tokenized Money Market Fund

chest

Dubai has approved its first tokenized money market fund, enhancing its status in digital finance.

user avatarGiorgi Kostiuk

Metaplanet's Strategy of Utilizing Bitcoin for Acquisitions

chest

Metaplanet is accumulating Bitcoin for strategic acquisitions, including plans for a potential digital bank in Japan.

user avatarGiorgi Kostiuk

KuCoin's Approach to Compliance Under BC Wong: Challenges and Prospects

chest

BC Wong, CEO of KuCoin, discussed the importance of compliance and the future of stablecoins amidst criticism from ZachXBT.

user avatarGiorgi Kostiuk

XRP: Key Indicators Amid Potential Upsurge

chest

XRP is at a critical stage with a symmetrical triangle signaling potential price movement. Analysis of the current situation by Steph Is Crypto.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.