Andrew, who often discusses crypto, finance, and business, shared that SEC sources suggest the Ripple case may be nearing its conclusion with key expectations.
XRP as a Commodity
Andrew noted that XRP is likely to be considered more seriously as a commodity. This would shift its legal standing and market treatment. The fine Ripple faces could be significantly reduced, offering a much lighter penalty than initially anticipated. The new SEC leadership understands the significance of this case and that their decision will shape future cryptocurrency regulations.
Major Hurdles
Crypto lawyer Bill Morgan reacted to Andrew's post, noting that while the first and third points make sense, the injunction remains a problem. Judge Torres' ruling suggests that XRP could be seen as a commodity, but the permanent injunction limits Ripple’s ability to sell XRP to U.S. institutions, creating uncertainty.
Reactions and Expectations
Previously, FOX Business journalist Eleanor Terrett hinted that the Ripple lawsuit could be ending soon, as the SEC works to freeze or end legal actions against other crypto companies like Coinbase, Binance, Uniswap, and Consensys. Crypto expert Yassin Mobarak stated that Ripple probably doesn't view the $125 million fine as a problem, as they could pay it easily. He emphasized that the injunction is a significant issue preventing a resolution of the lawsuit, believing that Ripple is negotiating to have the injunction lifted.
The outcome of the Ripple case could have lasting implications for the entire crypto market, potentially reshaping how digital assets are regulated in the U.S.
