The Ripple case is one of the most notable and long-standing in the cryptocurrency industry. In light of recent dismissals of other major crypto cases, the question of why Ripple's case is still ongoing remains pertinent.
Origins of the Ripple Case
The action against Ripple began in December 2020, when the SEC filed a lawsuit claiming that the sale of XRP was a 'years-long unregistered offering of securities.' This lawsuit set the precedent for subsequent SEC actions in the crypto space.
Ripple Aligns with the White House
Ripple has actively sought to align itself with the current administration, including a meeting between Ripple CEO Brad Garlinghouse and President Donald Trump, as well as a reported donation to Trump's inauguration fund.
Three Reasons Why the Ripple Case May Be Ongoing
The reasons for the ongoing nature of the Ripple case remain unclear, but several possible explanations exist: the need for a favorable outcome for Ripple, complex legal tactics, and differences in law interpretation among SEC staff.
The Ripple case remains a relic of a previous regulatory era. While previous rules have become obsolete, it remains intriguing how it might impact future SEC actions.
