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Coinpaprika 2025-01-29 08:22:34

SEC Removes Ripple Lawsuit from Website, Sparks Case Dismissal Rumors

SEC Removes Ripple Lawsuit from Website, Sparks Case Dismissal Rumors

A surprising move by the SEC has sparked speculation in the crypto world. References to its lawsuit against Ripple have disappeared from the SEC’s website, raising questions about whether the case has been dropped. However, legal experts note that the lawsuit remains listed as active on PACER, the official court database. The legal battle between Ripple and the SEC has been a major topic in the crypto space for four years. Rumors of a settlement have fueled price jumps in XRP , with the token soaring over 400% since Trump’s election win in November. Investors had anticipated that the lawsuit might be dismissed under the new administration. Despite this, the SEC recently filed an appeal, suggesting the case was still ongoing. Now, however, crypto enthusiasts have noticed that all mentions of the Ripple lawsuit have vanished from the SEC’s site, while references to cases against Kraken and Coinbase remain. “Is Ripple free from the SEC? I searched the SEC’s litigation section for ‘Ripple’ and found no results! Did the legal battle just end? Is this the final chapter of XRP vs SEC ? If true, this could be historic,” crypto influencer John Squire posted on X (formerly Twitter). Ripple CEO Brad Garlinghouse has frequently criticized the SEC’s handling of the case, especially under former Chair Gary Gensler. Some speculate that the lawsuit’s removal from the SEC’s website signals a shift in regulatory stance since the new administration took over. However, not everyone is convinced. One attorney with access to court records pointed out that the SEC website is not an official legal source. “The website doesn’t matter. The appeal is still open on PACER. I just checked, and the last entry is Ripple’s request for an extension to file its brief. The case is still marked as active,” he said. That said, he acknowledged that the situation could change soon. Since this development is still fresh, XRP’s price has not yet seen a major reaction. Most industry analysts believe that it is only a matter of time before the lawsuit is officially resolved. With regulatory attitudes shifting, the SEC and other US agencies may scale back their enforcement actions against the crypto industry.

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