Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
SEC removes Ripple lawsuit from website amid ongoing case

SEC removes Ripple lawsuit from website amid ongoing case

GrafaGrafa2025/01/29 08:40
By:Isaac Francis

The US Securities and Exchange Commission (SEC) has removed references to its lawsuit against Ripple (CRYPTO:XRP) from its website, leading to speculation about a potential case dismissal.

Legal experts, however, have confirmed that the lawsuit remains active on the official PACER system, indicating that no formal resolution has been reached.

The case has been a significant topic in the cryptocurrency community since it was filed four years ago, with rumors of settlements often causing fluctuations in the price of Ripple’s XRP token.

Following President Trump's election win in November, XRP saw a surge of over 400%, as many anticipated that the lawsuit might be dropped under the new administration.

Despite this optimism, the SEC recently appealed against Ripple's previous court ruling, suggesting that the legal battle could continue for some time.

Social media users have reacted to the SEC's website changes, with influencer John Squire questioning whether this marks the end of Ripple's legal troubles.

“Is Ripple Free from the SEC? Searched for ‘Ripple’ in the SEC’s litigation section and… No results!” he noted.

Ripple CEO Brad Garlinghouse has been vocal about his criticisms of former SEC Chair Gary Gensler, suggesting that the prolonged nature of the case has been unwarranted.

While some commentators highlighted that other lawsuits against crypto entities remain visible on the SEC's site, legal professionals pointed out that these website changes do not affect the ongoing court proceedings.

One attorney emphasised that “the SEC website does not matter,” reiterating that the appeal is still active in court records.

As of now, Ripple has requested an extension to file its appeal brief by April 16, 2025, and industry experts believe it is only a matter of time before this lawsuit reaches a conclusive end.

At the time of reporting, the XRP (XRP) price was $3.09.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump Media Enters Fintech With Truth.Fi, Stock Jumps 15%

Trump Media and Technology Group (TMTG) is making a big move into crypto financial services

Altcoinbuzz2025/01/30 19:44

Forcount Promoter Sentenced to 2 Years for Crypto Fraud

Other notable names from the Forcount saga, such as Juan Tacuri and Nestor Nuñez, both bagged 20 years and 4 years, respectively.

Altcoinbuzz2025/01/30 19:44

Utah Bill Advances for State to Purchase Crypto

The bill states that the treasury can only purchase crypto assets that meet certain criteria.

Altcoinbuzz2025/01/30 19:44