Ripple vs. SEC: What’s Happening Now in the Legal Battle?

The ineligible conflict betwixt Ripple and the U.S. Securities and Exchange Commission (SEC) inactive continues to gully the attraction of Americans arsenic good arsenic the remainder of the world. With immoderate large updates that person happened successful caller times, its hard to support way of what’s happening. 

Today, the SEC has reassigned its main litigation counsel, Jorge Tenreiro, to a caller relation successful the agency’s Information Technology (IT) division. He has played a pivotal relation successful the lawsuits against Ripple and Coinbase. This question affirms the mentation that the SEC is changing its attack toward cryptocurrency regulation.

The 47th president, Donald Trump, has appointed Mark Uyeda arsenic acting SEC chair. Prior to him, Gary Gensler was the SEC chair, and helium was hated by the crypto assemblage for his strict adherence to policies. However, the caller chair, Uyeda, supports Trump’s pro-crypto agenda.

He has established a task unit led by Commissioner Hester Peirce. She is known for her pro-crypto views to make a broad regulatory model for integer assets. 

The lawsuit of Ripple has been moved from the agency’s website, giving emergence to speculation that the ineligible conflict whitethorn beryllium nearing its end. However, it has not been wholly removed and has conscionable been moved to the ‘Court of Appeals’ section.

This indicates the solution is inactive acold from over, arsenic the SEC inactive wants to transportation connected the combat nary substance what. The ineligible proceedings are inactive ongoing, with Ripple seeking much clip to respond, contempt a partial triumph successful 2023.

Ripple defends its stance, claiming that XRP is not a security. They assertion that the concern has not participated successful immoderate fraudulent operations. Ripple requested an April 16, 2025, deadline to respond to the SEC’s appeal, which challenges a tribunal ruling that immoderate XRP income are not securities. 

In this battle, ineligible adept and pro-XRP advocator John Deato has suggested that SEC’s entreaty lacks strength. Despite the SEC’s dissatisfaction with the court’s decision, particularly with implicit 75,000 XRP holders backing Ripple, Deaton believes the entreaty is weak.