Why is the SEC silent on closing the Ripple XRP case?

As of March 24, 2025, the U.S. Securities and Exchange Commission (SEC) had yet to travel retired with a ceremonial nationalist merchandise astir the dropping of its entreaty successful the lawsuit of Ripple (XRP). 

This sparked rumors and questioning wrong the cryptocurrency assemblage astir wherefore the SEC went quiet.

The SEC’s litigation with Ripple started successful December 2020 erstwhile the committee alleged that Ripple Labs and its absorption carried retired an unregistered connection of securities by selling XRP tokens.

Brad Garlinghouse connected Ripple SEC, Source: X

Years of litigation were brought to a decision connected March 19, 2025, erstwhile Ripple CEO Brad Garlinghouse said the SEC dropped its lawsuit against Ripple aft 4 years. He described it arsenic a “long-overdue surrender,” restating that “XRP is not a security.”

“Progress is worthy warring for,” Garlinghouse said, adding that this triumph “paves the mode for a pro-crypto future.”

Reasons for the SEC’s Silence

There are a fig of reasons wherefore the SEC mightiness not person issued an authoritative statement:

Internal Approval Processes

Before making nationalist announcements, the SEC often undergoes ceremonial interior reviews and approvals. Even aft agreeing to disregard an appeal, the committee indispensable implicit these processes to guarantee each ineligible and procedural aspects are addressed.

Scheduled Closed Meetings

The SEC usually addresses ineligible and enforcement issues successful closed meetings. The adjacent specified gathering is connected Thursday, March 27, 2025, astatine 2:00 PM ET. The Ripple lawsuit could beryllium dealt with during this session, followed by an authoritative announcement. ​

Ongoing Negotiations

Ripple continues to question a cross-appeal related to erstwhile XRP income to organization investors. Judge Analisa Torres had antecedently levied a $125 cardinal good and a imperishable injunction connected Ripple for breaching securities laws. Ripple’s absorption has said determination are continued negotiations with the SEC to perchance assistance these penalties. The committee could beryllium holding disconnected connected making a nationalist connection until each sides of the case, including Ripple’s cross-appeal, are settled.

The announcement of the SEC withdrawing its entreaty has positively affected the marketplace worth of XRP. Upon the announcement, the terms of XRP went up by astir 13% to astir $2.56, and currently, it is trading astatine astir $2.45.

SEC connected Coinbase case, Source: SEC Website

When the SEC dropped its lawsuit against Coinbase, it promptly issued a nationalist statement. However, successful Ripple’s case, the bureau has remained silent, raising speculation astir interior delays oregon strategical reasons down the deficiency of an authoritative announcement.

Also Read: XRP Price Jumps 30% arsenic SEC Lawsuit Ends – 75% Rally Ahead?