Will Ripple and SEC Settle Lawsuit In 24 Hours? Fact Check

The ineligible conflict betwixt Ripple and the SEC has sparked caller speculation with rumors spreading connected societal media that a colony volition scope wrong 24 hours. 

Ripple’s lawsuit accusation is not disposable connected the U.S. Securities and Exchange Commission (SEC) website, which causes speculation that the lawsuit is nearing its conclusion.

SEC’s Litigation Releases

The lawsuit betwixt the SEC and Ripple is not disposable successful the ‘Litigation Releases’ conception connected the website of the SEC. However, the lawsuit has been moved to the ‘Court of Appeals’ section, which means the ineligible proceedings are inactive ongoing. 

This displacement connected the SEC website has been wrongfully represented connected societal media. Multiple influencers and users person shared it arsenic impervious that the SEC is dropping the lawsuit and Ripple volition person a colony successful 24 hours. 

Rumors connected SEC and XRP case, Source: X

There is nary authoritative confirmation of the lawsuit decision either from Ripple oregon the SEC, and the ineligible conflict is inactive going on. The rumors astir a 24-hour colony are mendacious but inactive gaining traction.

In 2020, the SEC accused Ripple of selling XRP arsenic an unregistered information and filed a lawsuit. In July 2023, a tribunal ruled that XRP income connected exchanges were not securities, but income to organization investors were.

Recently, Ripple has requested an April 16, 2025, deadline to taxable its effect successful the ongoing case. The SEC has filed an appeal, challenging the court’s decision.

Ripple’s ineligible chief, Stuart Alderoty, has dismissed the SEC’s entreaty arsenic “just noise.” Attorney Jeremy Hogan criticized the SEC’s arguments, stating that it has struggled to beryllium that XRP was sold arsenic a security.

Also Read: Ripple vs. SEC: What’s Happening Now successful the Legal Battle