The ongoing legal battle between Ripple and the SEC continues to capture the attention of Americans and the global community. Recent changes in the SEC and case developments offer new perspectives.
Key Changes in the SEC
Today, the SEC reassigned its chief litigation counsel, Jorge Tenreiro, to a new role in the Information Technology division. Previously, Tenreiro played a pivotal role in the lawsuits against Ripple and Coinbase. This move supports the notion of the SEC altering its approach toward crypto regulation. Donald Trump appointed Mark Uyeda as acting SEC chair who backs Trump's crypto-friendly policy and has established a task force to develop a comprehensive regulatory framework for digital assets.
Ripple Case: Current Status
The Ripple case has been moved from the SEC’s website to the 'Court of Appeals' section, sparking speculation that it may be closer to resolution. However, this does not mean that it has been completely removed. Meanwhile, Ripple continues to defend its stance, claiming that XRP is not a security, and has requested an April 16, 2025 deadline for responding to the SEC’s appeal challenging the court's ruling that some XRP sales are not securities.
Forecasts and Expert Opinions
Legal expert and pro-XRP advocate John Deaton suggests that the SEC’s appeal lacks strength. Despite the SEC's dissatisfaction, more than 75,000 XRP holders back Ripple. Deaton believes the appeal is weak.
The ongoing changes and legal battles involving Ripple and the SEC continue to offer uncertain prospects. Changes within the SEC and appointments could play a crucial role in the future regulation of the crypto market.
