The U.S. Securities and Exchange Commission (SEC) has taken a notable step in its legal approach to cryptocurrency cases, prompting discussions about the future of its ongoing lawsuit against\u00a0Ripple.<\/p>\n
Crypto attorney James Murphy, widely known as MetaLawMan, drew attention<\/a> to a recent shift in the SEC\u2019s stance in the Coinbase case. This development has led to speculation that similar changes may emerge in the Ripple\u00a0case.<\/p>\n Also Read: Big Win For XRP: Ripple Expands Partnership With Major Trading\u00a0Platform<\/a><\/p>\n The SEC now evaluates Coinbase\u2019s appeal to the 2nd Circuit after deciding not to fight the motion. SEC Chair Gary Gensler led the agency to oppose this appeal in the past but the agency now works against\u00a0it.<\/p>\n The agency\u2019s recent change of position indicates an evaluation process of its ongoing litigation approach toward cryptocurrency companies.<\/p>\n Murphy stated that if the 2nd Circuit accepts the interlocutory appeal, the SEC would need to provide a legal stance about crypto assets on secondary exchanges as investment contracts.<\/p>\n According to Murphy, there is a possibility that the SEC will avoid developing their position because it will drop the case before reaching that level. Many observers now believe that the SEC might be changing its tough approach toward crypto enforcement matters and might apply it in the case of\u00a0Ripple.<\/p>\n The cryptocurrency community has been closely following<\/a> the Ripple lawsuit, especially after reports surfaced that the SEC had removed related case information from its official\u00a0website.<\/p>\n This raised speculation about possible developments in the case and fueled discussions regarding its future direction. Attorney Sherrie, a notable figure in the XRP community, dismissed rumors of a settlement, clarifying that the case is now listed on the Court of Appeals website under a new case\u00a0number.<\/p>\n Ripple still needs to deliver its brief by April 16 based on the court order. However, Murphy as well as other attorneys including Jeremy Hogan has predicted that based on the anticipated appointment of a new SEC chair, the SEC will choose to drop the case sometime during April or\u00a0May.<\/p>\n The lawsuit outcomes remain pending while the SEC\u2019s altered approach to previous cases may sway its judgment.<\/p>\n One of the critical factors influencing the SEC\u2019s next steps is its leadership transition. With no Senate-confirmed chair currently in place, a new appointment is anticipated by March or April. Murphy noted that Paul Atkins, the nominee under the Trump administration, could be the one to put an end to pending crypto\u00a0cases.<\/p>\n However, it is important to note that the SEC\u2019s decision to settle or dismiss cases does not necessarily depend on a new chairman. The decision requires a vote among the existing three Commissioners.<\/p>\n Given that Hester Peirce and Mark Uyeda currently hold the necessary votes, legal experts suggest that key decisions on crypto lawsuits could still be made before a permanent chair is appointed.<\/p>\n As the legal proceedings continue, analysts remain divided on whether the SEC will follow the same path with Ripple as it has with Coinbase.<\/p>\n While some believe that the agency\u2019s pivot in the Coinbase case could indicate a more lenient approach, others argue that a significant decision like dropping the Ripple lawsuit<\/a> would likely require the leadership of a confirmed SEC\u00a0chair.<\/p>\n MetaLawMan confirmed that the appeal process is still ongoing and emphasized that Ripple\u2019s brief remains due on April 16. With the potential appointment of a new SEC chair around the same time, many in the XRP community are closely monitoring developments to see whether this shift in regulatory approach will extend to\u00a0Ripple.<\/p>\n Also Read: Flare to Unlock $134B XRP Yield\u200a\u2014\u200aHere\u2019s What It Means for\u00a0Holders<\/a><\/p>\n Originally published at <\/em>https:\/\/36crypto.com<\/em><\/a> on February 10,\u00a02025.<\/em><\/p>\n Here is When the SEC Can Drop the XRP Lawsuit and Other Crypto Cases, Lawyer Reveals\u200a\u2014\u200a36Crypto<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Here is When the SEC Can Drop the XRP Lawsuit and Other Crypto Cases, Lawyer Reveals\u200a\u2014\u200a36Crypto The U.S. Securities and Exchange Commission (SEC) has taken a notable step in its legal approach to cryptocurrency cases, prompting discussions about the future of its ongoing lawsuit against\u00a0Ripple. Crypto attorney James Murphy, widely known as MetaLawMan, drew attention […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-43418","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43418"}],"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=43418"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43418\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}SEC\u2019s Approach in Coinbase Case Signals Possible Strategy\u00a0Change<\/h3>\n
Potential Impact on Ripple Lawsuit and When the SEC Can Drop the\u00a0Case<\/h3>\n
Leadership Transition and Its Effect on Crypto\u00a0Cases<\/h3>\n
The Road Ahead for the Ripple vs. SEC\u00a0Case<\/h3>\n