Breaking: SEC Signals Ripple Settlement Nears Finish Line as Court Decision Looms
The SEC just dropped its most bullish hint yet—Ripple's marathon legal battle may finally be settling. Here's why crypto just got a volatility injection.
The backroom whispers: Regulators tipped their hand in court filings, revealing 'substantial progress' toward resolution. No details yet—because what's finance without a little suspense?
What's really at stake: A precedent that could either legitimize altcoins or prove regulators still treat crypto like a piñata. XRP holders are either sweating or popping champagne.
The cynical take: Wall Street's watching closely—nothing gets tradFi excited like watching crypto firms bleed legal fees. Settlement means they'll need new schadenfreude fuel.
One thing's certain: When the final gavel drops, the only guaranteed winners are the lawyers. As always.
SEC-Ripple Settlement Still Needs Court Approval
However, the Ripple-SEC settlement cannot take effect until the Court of Appeals formally accepts the parties’ stipulation to dismiss the appeals. Until that approval is granted, the case remains technically open.
Industry observers describe the recent filings as largely procedural.
#XRPCommunity #SECGov v. #Ripple #XRP The @SECgov has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court. pic.twitter.com/X74wFRhswq
— James K. Filan
Pro-XRP Attorney Bill Morgan noted that a final order from Judge Torres could come at any moment, formally closing the chapter on the dispute.
The SEC first filed suit against Ripple in December 2020, alleging that the company raised $1.3 billion by selling XRP tokens without registering them as securities.
In a landmark decision in July 2023, Judge Analisa Torres ruled that XRP sales to retail investors did not constitute securities transactions. She also determined that sales to institutional investors were subject to securities law.
As a result, the court ordered Ripple to pay the financial regulator a $125 million penalty for violating securities laws.
Nonetheless, crypto advocates view the pending court approval as a milestone for the industry. According to them, the resolution could serve as a benchmark for how other digital assets are treated under US law.
Meanwhile, XRP supporters also expect that the official dismissal of the appeals will allow institutional investors, banks, and exchange-traded funds to engage with the token. Notably, XRP has enjoyed significant institutional breakthroughs since the SEC case neared resolution.
So, with the appeals now on the verge of dismissal, the outcome promises greater regulatory clarity that could encourage wider participation in XRP across the institutional sector.
