Ripple vs. SEC lawsuit vanishes from SEC website, endgame near?

Ripple’s future could experience a huge change due to the Securities and Exchange Commission’s latest move. The regulatory body appears to have escalated its legal battle against the cryptocurrency firm by its decision to relocate case references from its litigation website to an appellate section. 

This shift suggests the lawsuit has entered a new phase, potentially impacting Ripple’s trajectory. The change is happening five days after Ripple’s former director, Sean McBride suggested that the case between Ripple and SEC could be solved within a week.

McBride hinted through his social media that the case would be dismissed or settled soon. The former director foresaw a possibility of the case being settled.

Whether removing the reference from the website signals the end of the case or not will be seen with time. According to a pro-XRP attorney, Jeremy Hogan, the case has no substantive development on the appellate court website. He isn’t sure if the position may or may not change.

The battle between Ripple and SEC may be far from over

The case against Ripple has dominated the legal debates in the crypto ecosystem. Since its filing four years ago, it has elicited different reactions. In some instances, rumors of settlements have been echoed between these battling parties, fueling a severe price surge in Ripple’s XRP token.

President Trump’s election in November and subsequent swearing-in were the biggest hope for the XRP community. The thought of the Trump administration dropping the lawsuit drove the XRP coin higher, by almost 400%. However, when the SEC appealed towards the firm, it showed that the case might be far from over.

Today’s development has left more people talking about Ripple and its future. The first consideration, when people noticed the case was pulled down from the website, was that the SEC withdrew the case. 

Is Ripple Free from the SEC? Searched for “Ripple” in the SEC’s litigation section and… No results! Did the legal battle end? Is this the final chapter of XRP vs SEC? If true, this could be a historic moment for XRP.

Influencer John Squire claimed on X .

Suppose SEC has withdrawn from the case, it would be a significant milestone in the crypto world. It would point towards a pro-crypto shift in federal regulations and Trump would be thanked for walking the crypto talk.

Ripple CEO Brad Garlinghouse was not having it with the former SEC CEO, whom he accused of dragging the case out. 

Mixed feelings as XRP community believes that the removal is not a coincident

The alleged removal of XRP’s case is drawing attention globally. Some X users believe the SEC is attempting to exit the firm’s business.

One of the attorneys has gotten access and objected to the importance of the listings. He said the SEC website doesn’t matter because the appeal is still open in the Court’s nationwide PACER system.

He clarified that the last entry is Ripple’s request for an extension of time to file its Brief. The case status is still showing “Active.” Hence, there is no point in checking the website.

Dropping Ripple’s case at the moment might be counter-productive for the acting chair. A case of such weight should be decided after Chairman Atkins assumes office.

During a recent market dip, there was significant whale activity on XRP with investors pulling in 120 million coins. Meanwhile, an ex-Ripple executive has hinted at potentially promising developments for the XRP community, bolstering market sentiment and sparking a 13% price increase.

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