Legal Expert Shuts Down Claims of Fast-Tracking Final Ruling, Says ‘Not SEC vs Ripple’
Despite recent developments, Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) continues. Ripple has been in the spotlight recently after a U.S. court allegedly granted its request for a quick final judgment in an XRP lawsuit. The decision could mean a quicker end to a case that has dragged on for years, with some even arguing the timing is important, especially with SEC Chairman Gary Gensler resigning in January.
However, legal expert Bill Morgan To clarify that this approval is not related to the SEC’s enforcement action against Ripple. He noted that the request involved a private civil lawsuit in California, not the official SEC v. Ripple case.
Will SEC vs. Ripple be dismissed?
Recently, there has been renewed hope in the Ripple community as SEC Chairman Gary Gensler will step down in January. Ripple supporters hope that his departure may lead to the case being dropped.
Some legal experts, including Chris Giancarlo, believe the SEC may eventually drop its case against Ripple. He suggested that the SEC would be wise to drop such cases after losing, and that the focus should shift away from XRP’s status as a security. Others, such as attorneys Fred Rispoli and Jeremy Hogan, speculated that the SEC could reduce the penalty and resolve the case.
In addition to legal developments, interest in XRP exchange-traded funds (ETFs) is also growing. Companies such as WisdomTree, Bitwise and Canary Capital have filed for XRP ETFs in hopes of creating a regulated investment option for XRP. However, the SEC has not yet approved any XRP ETF proposal.
in conclusion:
As Ripple’s legal battle continues, the cryptocurrency community is keeping a close eye on whether political changes under a potential Trump administration could lead to a more favorable environment for XRP and other cryptocurrencies.
