NEWSLETTER
Following a series of investigations withdrawn against prominent cryptographic companies, legal experts are evaluating what these developments could mean for the long data dispute of Ripple Labs with the United States Stock Exchange and Securities Commission (SEC).
On Monday, Robinhood confirmed that he had received a letter from the SEC that indicated the closure of the regulator's investigation into its cryptographic operations, an investigation that originally arose from a well -notice that the company received in May 2024. The executive president of Coinbase, Brian Armstrong, also revealed last week that a similar SEC investigation into the exchange had been completed without further actions. In addition, the nft market previously saw its own discarded research.
These terminations follow a growing trend: the SEC has been closing or systematically dismissing legal actions against cryptographic entities, a marked deviation from the most combative approach under the former president of the SEC, Gary Gensler. In particular, Gensler resigned on January 20, 2025, the day Donald Trump was inaugurated as president of the United States. Under the interim boss of the SEC Mark Uyeda, the agency has gathered a specialized crypto working group supervised by Commissioner Hester Peirce to clarify the digital asset regulations.
What is delaying the Ripple vs. SEC Case resolution?
James “Metalawman” Ludlow Street Advisors, LLC, turned to the social media platform x A <a target="_blank" href="https://x.com/MetaLawMan/status/1894039458158108798″ target=”_blank” rel=”noopener nofollow”>stand out The importance of these recent SEC movements: “The SEC closes the Robinhood cryptography business research after previously broadcasting Wells notice. The SEC after Gensler finally seems to recognize that most cryptographic tokens are not values. We should see dismissals of cases against Gemini, Kraken, Binance, Ripple and others. “
Meanwhile, he also highlighted why the Ripple case could last a little more to obtain a resolution of cases in contrast to the other companies. “The only reason I listed the last ripple is the complexity involved in the negotiation of a resolution. Ripple is the only live cryptographic case with a final judgment in its place. Then, the lawyers of the SEC and Ripple must negotiate what to do with the trial and the money hunted for that sentence. That takes time, ”Murphy said through x.
Meanwhile, the pro-XRP lawyer, Jeremy Hogan, recently commented on how quick Paul Atkins is sworn in office.
“The case of Coinbase was dismissed with prejudice, which means that it cannot be said later; Not even a conciliation agreement with some minor concessions! I guess this SEC is not waiting for Atkins to be confirmed before making large cryptographic movements. Ripple (he is waiting in the row) “, Hogan <a target="_blank" href="https://x.com/attorneyjeremy1/status/1892959924881133818″ target=”_blank” rel=”noopener nofollow”>wrote Via x.
In general, Murphy's statement stresses that, although other cases can be dismissed rapidly, Ripple's situation is more complicated due to the existing judicial decision. To solve these details, both the SEC and the Ripple legal team must agree on how to manage the trial, a process that takes time.
At the time of publication, XRP quoted at $ 2.2191.
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