XRP Surges as SEC Removes Lawsuit Information from Website, Legal Expert Clarifies
The legal struggle between the US Securities and Exchange Commission (SEC) and Ripple has entered a critical stage, and SEC has deleted civil operations related to Ripple from its website. This was because the lawsuit filed an appeal court to the Court of Appeals in the Second Tour, which marked a major stage of the dispute between the XRP classification.
Legal analyst Jeremy Hogan clarified this situation and explained that although the Ripple case has been deleted from the SEC lawsuit, it only moved it to the “appeal case” part of the website. However, he pointed out that the case was still listed on the website of the appeal court and had not yet proposed any new documents.
As of January 23, 2025, Ripple has officially requested the expansion name and sets the deadline for April 16, 2025 to submit its response summary. This is the key aspect of the agency tried to overthrow the previous local court’s decision after the document submitted to the US Securities and Exchange Commission (SEC) on January 15, 2025. Specifically, SEC is challenging the decision of XRP sales to retail investors. The District Court previously ruled that although XRP itself was not security, Ripple’s direct sales to institutional investors were considered securities transactions.
Determined to another user who is a lawyer wrote “The SEC website is irrelevant. The appeal is still open in the national pairing system of the court. I am a lawyer. I just logged in. The last entry was the request for the extension of the time to submit the briefing. That may soon change. “
In the confusion of the SEC, Ripple CEO Brad Garlinghouse recently shared his views on the crypto market, calling for the end of the maximum, and urging the industry to work together. Garlinghouse, holding XRP, Bitcoin and Ethereum, said that cryptocurrency space needs to adopt multiple assets for long -term growth.
At the same time, in a broader crypto news, former Treasury nomination, Scott Besset, is famous for its pro -Bitcoin stand. This has increased more and more pro -Krepor politicians to enter the scene, which shows that the more friendly environment in the United States
