The SEC's case against Ripple remains a key topic in the cryptocurrency world. Recent events hint at a potential shift in the legal approach.
Christopher Giancarlo's Opinion
Former CFTC Chairman Christopher Giancarlo suggested that the SEC may drop the case against Ripple. His opinion is based on the possibility that with Donald Trump's return to power, the new SEC leadership might reconsider its actions against Ripple.
Pro-XRP Lawyers' Perspective
Alongside Christopher Giancarlo, pro-XRP lawyers Bill Morgan, Fred Rispoli, and Jeremy Hogan also claim that objections to the Ripple lawsuit are likely to be rejected or withdrawn. Bill Morgan noted that the primary reason for continuing these objections is political and will largely disappear after Gary Gensler resigns in 2025.
Current Court Ruling
The court ruled that Ripple’s institutional XRP sales were considered securities, while XRP sales made on exchanges were not. The SEC filed an appeal to overturn this decision, stating its disagreement.
Potential political changes may significantly impact the current SEC case against Ripple. Hopes for revisiting the case are tied to expectations of a new regulatory approach to cryptocurrencies.
