What’s Next for the Ripple Lawsuit? Could a Resolution Arrive Before August 7, 2025?
The SEC recently made a huge move on Coinbase’s case and blocked the case against Binance, which shows that the agency’s approach has changed. Coinbase confirmed the case to be dismissed, and the SEC also decided to withdraw its case against the Opensea NFT platform. However, the agency continues to oppose the cases of Kraken Exchange, Uniswap and Robinhood and has issued a Wells notice. The market expects an active update from the SEC as any resolution will eliminate uncertainty and help stabilize the crypto market.
Future plans for Ripple Case and SEC
While the market is eagerly awaiting conclusions of the ripple effect, it is expected to take more time, with some speculation that the SEC may suspend certain aspects of the case before further litigation is taken. The SEC has also been expanding its crypto enforcement efforts, including reallocating staff in its special law enforcement departments. These changes mark a more balanced regulatory approach that may indicate a better future for the cryptocurrency market.
Despite the ongoing cases, things are moving in the right direction, and many believe that abandoning these cases will benefit the entire market. Once the uncertainty of securities classification is resolved, prices may rise as the market becomes clear.
Attorney Jeremy Hogan suggested that the SEC might pause certain parts of the ripple case, such as not filing any appeals, which would be a positive signal that they are working to end it, although some may be needed time. This week, we may see some positive news, even if it’s just a signal that the SEC plans to end the action with Ripple.
Former SEC lawyer Marc Fagel It points out that if the SEC waived its appeal when Ripple cross-appe, it would constitute legal malfeasance. He also pointed out that the failure to collect a fine of $125 million will be equally negligent. Fagel believes that the most likely outcome may be adjusted to the summary judgment clause, which is the most likely outcome. When asked if it could be extended to August 7, 2025, Fagel replied that it could happen at any time.
