The U.S. Securities and Exchange Commission (SEC) has unexpectedly withdrawn lawsuits against Coinbase, Consensys, and Gemini.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 discussions about potential changes in the long-standing legal battle between Ripple and the SEC. However, despite these expectations, XRP's price fell by 10% due to Donald Trump’s new customs tax policy.
Critical Dates 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 Although the SEC has recently withdrawn multiple lawsuits, Hogan does not anticipate a quick resolution due to the complexity of the Ripple case.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 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. 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.
The Future of the Ripple-SEC Legal Battle
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.
The continuation of the legal process between Ripple and the SEC raises many questions and speculations within the cryptocurrency industry. Attention will be focused on the critical dates and decisions in the case, which may impact the future of the company and the industry as a whole.
