Will the Case Be Dropped or Dragged Further?
The protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has entered a new phase of speculation following the SEC’s closed-door meeting on February 27, 2025. Fox Business Remernister Eleanor Terrett clears rumors that have spread in the United States The SEC may be considering giving up Its appeal to Ripple. Yes or no?
Legal experts weigh the SEC’s approach
Guessing begins with SEC’s Crypto Task Force A closed-door meeting was recently held with legal experts Jason Gottlieb, Andrew Hinkes and JW Verret on February 24, 2025. Submit a document discussion How the SEC regulates digital assets and highlights key legal issues.
One of the key topics in the document is the Ripple lawsuit. Experts pointed out that without clear court approval, the U.S. Securities and Exchange Commission (SEC) called some cryptocurrency securities. They also pointed out that the judge has not fully agreed with the SEC’s position on crypto trading.
Specifically, the document refers to the ruling of Judge Analisa Torres, which states that the secondary sales of XRP are secondary sales for regular investors, not investment contracts. This goes against the SEC’s claims and weakens its argument in this case.
SEC does not give up on cases
After the SEC meeting, some members of the XRP community speculated that the agency was preparing to abandon its appeal against Ripple. But Eleanor Terrett quickly dismissed these claims.
When asked about this, she responded as a “no” and rejected the idea that the SEC was considering a backup. She even added a facial emoji, frustrated by misleading rumors.
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Current status of litigation
As of now, there is no official word SEC plan discarded It is aimed at the Ripple situation. Although the commission has withdrawn other cryptocurrency-related lawsuits, its fight against ripples remains active.
As of now, no SEC plans to conduct a case against Ripple. Although the commission has withdrawn other cryptocurrency-related lawsuits, its fight against ripples remains active.
If the SEC waives the appeal, further legal discussions are required with Judge Torres. At present, the case continues, keeping the cryptocurrency community closely following.
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