{"id":38015,"date":"2025-01-22T09:57:03","date_gmt":"2025-01-22T09:57:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=38015"},"modified":"2025-01-22T09:57:03","modified_gmt":"2025-01-22T09:57:03","slug":"ripple-vs-sec-settlement-rumors-gain-momentum-heres-why","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=38015","title":{"rendered":"Ripple vs. SEC Settlement Rumors Gain Momentum: Here\u2019s Why"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Speculation is rising that the SEC\u2019s upcoming closed meeting under new Acting Chairman Mark Uyeda might address the Ripple lawsuit, but experts warn against expecting major developments.
\nDespite Gensler\u2019s exit, the Ripple-SEC legal battle continues, with disputes over XRP\u2019s classification and an ongoing appeal delaying resolution.<\/p>\n

<\/a><\/span><\/h2>\n

Incoming Resolution or Just Another Speculation?<\/h2>\n

The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing despite numerous legal developments and changes in the agency\u2019s leadership. Recall that the regulator\u2019s Chairman, Gary Gensler, officially <\/span>stepped down<\/span><\/a> on January 20 and was replaced by crypto proponent Mark Uyeda.<\/span><\/p>\n

The Commission has <\/span>scheduled<\/span><\/a> its first closed meeting under the new Acting Chairman for January 23, causing the XRP Army to speculate that the case against Ripple might be on the agenda this time. Some of the most optimistic predictions <\/span>include<\/span><\/a> a dismissal of the lawsuit.<\/span><\/p>\n

It is worth mentioning that the SEC conducts such meetings quite frequently, and there are no public records showing that it has touched upon the aforementioned legal tussle in any of them.\u00a0<\/span><\/p>\n

Marc Fagel<\/span> \u2013 <\/span>a former regional director of the SEC for the San Francisco office<\/span> \u2013 <\/span>claimed<\/span><\/a> that those expecting \u201csomething monumental to happen\u201d <\/span>at<\/span> the upcoming gathering \u201care about to be disappointed.\u201d<\/span><\/p>\n

\u201cThis is the same meeting they hold nearly every week. They will vote on recommendations calendared weeks ago,\u201d <\/span>he<\/span> assumed.\u00a0<\/span><\/p>\n

Not so Fast<\/span><\/h2>\n

The anti-crypto Gensler might be out of the SEC, but the official resolution of the case against Ripple remains challenging. After all, the entities have been confronting each other in court for over four years, throwing punches at each other on every possible occasion.<\/span><\/p>\n

The core issue in the lawsuit is whether XRP (Ripple\u2019s native token) should be classified as a security. The SEC argues it was sold as an unregistered investment, while the company insists it is a digital asset used for payments <\/span>and <\/span>not subject to securities laws.<\/span><\/p>\n

In 2023, Judge Analisa Torres <\/span>ruled<\/span><\/a> that XRP sales on public exchanges to retail investors did not constitute securities transactions. A year later, she ordered<\/a> Ripple to pay a fine of $125 million for violating <\/span>certain<\/span> rules.\u00a0<\/span><\/p>\n

The penalty represented just a fraction of the $2 billion the SEC initially asked for, and somewhat expected, the firm was ready to settle it.\u00a0<\/span><\/p>\n

However, the watchdog appealed the 2023 verdict and recently <\/span>filed<\/span><\/a> the necessary opening brief, thus prolonging the lawsuit indefinitely.\u00a0<\/span><\/p>\n

The post Ripple vs. SEC Settlement Rumors Gain Momentum: Here\u2019s Why<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Speculation is rising that the SEC\u2019s upcoming closed meeting under new Acting Chairman Mark Uyeda might address the Ripple lawsuit, but experts warn against expecting major developments. Despite Gensler\u2019s exit, the Ripple-SEC legal battle continues, with disputes over XRP\u2019s classification and an ongoing appeal delaying resolution. Incoming Resolution or Just Another Speculation? The lawsuit […]<\/p>\n","protected":false},"author":0,"featured_media":38016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38015"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38015"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38016"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}