The ongoing legal battle between Ripple and the SEC is back in the spotlight. Investors are eagerly watching how the situation will resolve amid changes in SEC's organization.
What’s Slowing Down the SEC?
The delay in the case is not entirely random and is partly linked to changes within the SEC. Recently, the SEC and Binance agreed to a 60-day pause in their case, sparking rumors of bigger developments. Pro-XRP lawyer James Murphy suggested that the move is strategic, awaiting Paul Atkins' appointment as the new SEC Chair. It's anticipated that his appointment could expedite the dismissal of some lawsuits.
Lawyers Disagree on the Hold-Up
There are varying opinions among lawyers about the delay. XRP lawyer Bill Morgan questioned why the SEC can't vote to dismiss cases now. However, former SEC lawyer Marc Fagel noted the necessity for formal commissioner votes for such actions. While the SEC can move forward, they might prefer to wait for new leadership to avoid internal conflicts.
XRP’s Current Sentiment
Despite the delay in legal proceedings, experts foresee potential growth for XRP. Analyst EGRAG CRYPTO predicts significant increases in XRP's value, reaching double and even triple-digit figures in the future. Rumors of an XRP-based ETF approval further suggest the case could be nearing resolution.
The ongoing case between Ripple and the SEC remains intricate and attracts attention from investors and experts alike. Upcoming leadership changes could play a pivotal role in future decisions and influence XRP's trajectory.
