- Ripple could see its SEC case dropped soon, boosting confidence in XRP and the broader crypto market.
- Ripple faces an April 16 deadline for its cross-appeal brief as speculation grows over the SEC withdrawing its appeal.
The U.S. Securities and Exchange Commission (SEC) has stunned the crypto world. In a surprising move, the agency dropped its case against Coinbase. No fines. No concessions. This decision marks a significant shift from the previous administration’s enforcement-heavy policies. XRP CEO Brad Garlinghouse expressed relief and impatience. “This SEC wants to move on quickly,” he said.
Ripple Legal Battle: Is an End in Sight?
Many now wonder if XRP will be next. Former SEC official John Reed Stark believes the appeal against Ripple may be withdrawn soon. Legal analyst Jeremy Hogan echoed this sentiment. He noted the case was dismissed “with prejudice,” meaning it could be refiled, but that seems unlikely. Hogan added, “This SEC isn’t waiting around to make big crypto decisions.”
Why the Change?
Industry insiders expected the new SEC administration to ease up on crypto. Yet, the speed and decisiveness of recent actions have caught many off guard. The agency might be focusing on cases with pressing deadlines. Last month, the SEC filed its opening brief against XRP. Ripple has until April 16 to submit its cross-appeal brief.
What’s Next for Ripple and Crypto?
If the SEC drops the Ripple case, it could boost XRP’s market confidence. The broader crypto market may also rally on the back of friendlier regulations. As the SEC reshapes its stance, industry players remain cautiously optimistic. The next few weeks could be pivotal for Ripple and the entire crypto ecosystem.
