SEC Set to Drop Coinbase Lawsuit, But Is Ripple’s Battle More Complex?
According to Fox business journalist Eleanor Terrett, the procedures in the Ripple case are more complex than Coinbase. She noted that this was because they had ordered Judge Torres to pay a $125 million fine at the district level.
Will the SEC withdraw its appeal on the Second Tour?
She noted that Judge Torres will oversee the case until August 7, 2025, to ensure the payment of the fine. Additionally, she noted that the SEC may decide to waive the appeal on the Second Tour, but they still need to figure out how to deal with the district court’s fine ruling. They can negotiate to reduce or remove fines and require the approval of Judge Torres to make it formal.
She noted that there is a certain degree of uncertainty in all of this because, as one legal source she mentioned, “We are in the unknown territory now.”
According to a recent update, the Securities and Exchange Commission (SEC) will revoke the lawsuit against Coinbase, pending approval from the agency’s specialist. If finalized, this could be a major legal victory for the cryptocurrency industry and a turning point for future regulations.
According to Coinbase’s chief legal officer, the SEC will soon vote on an agreement to dismiss the case. If the vote passes, it will not only clarify the common basis for legal trouble, but also set an example for other cryptocurrency companies facing similar regulatory challenges.
Ripple vs SEC is coming to an end?
Nevertheless, the XRP community believes that the long-term lawsuit between Ripple and the U.S. SEC may end soon. This optimism has come after the SEC recently demonstrated its openness to consider the XRP Exchange-Trade Fund (ETF). Experts believe that this shift suggests that litigation may no longer be relevant or primarily concerned.
XRP ETF acknowledges increased hope
Bloomberg analyst James Seyffart Famous The SEC under its previous leadership may reject XRP ETF applications, especially after rejecting similar applications for Solana in December. He believes that this new development slightly increases the opportunity for ETF recognition. In addition, Nate Geraci, co-founder of the ETF Institute, Point out The SEC’s recognition could have a significant impact on its ongoing case on Ripple.
Ripple Chief Legal Officer Stuart Alderoty also expects to resolve a resolution soon, pointing to the SEC’s recent endorsement of the XRP ETF document. Legal information shows that the SEC is prioritizing cases with urgent deadlines, such as Kraken expired on March 31, 2025, putting Ripple’s case in the back seat. However, a total insertion of transactions may trigger a chain reaction.
