AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Ripple SEC Case Unresolved Amid Procedural Delays
Coin WorldMonday, Jul 7, 2025 12:56 am ET
1min readThe legal dispute between
and the Securities and Exchange Commission (SEC) remains unresolved, with no immediate end in sight. Former SEC lawyer Marc Fagel has expressed skepticism about the case concluding today, stating that it is highly unlikely. This assessment comes as Judge Analisa Torres' previous ruling against Ripple is set to automatically go into effect once both parties formally dismiss their respective appeals. The judge's ruling in 2023 was a split decision, determining that Ripple's sales to retail investors did not violate securities laws. However, the ongoing legal proceedings have created a complex landscape for both parties.The SEC has not committed to withdrawing its appeal, and Ripple is similarly reluctant to abandon its cross-appeal. This stalemate suggests that the conclusion of the Ripple case may still be some time away. The legal wrangling has also led to procedural missteps, as Judge Torres recently denied a joint request by Ripple and the SEC for an indicative ruling due to errors in the filing process. This denial further complicates the path to a resolution, as both parties must now address these procedural issues before moving forward.
Adding to the speculation, the SEC held a closed-door meeting on July 3rd, sparking hopes of a fast settlement announcement. However, Fagel clarified that it was just a regular meeting and it typically takes several weeks for enforcement matters to be added to the SEC’s voting agenda. He also reminded the community that the SEC is known for moving slowly when it comes to processes like these, even if the outcome feels obvious.
The outcome of this case has significant implications for the cryptocurrency industry, particularly for Ripple's digital asset XRP. The legal battle's resolution will likely shape the regulatory framework for digital assets, influencing how other cryptocurrencies are treated under securities laws. Ripple's legal woes are far from over, and the company continues to navigate the complexities of the legal system. The ongoing case serves as a reminder of the regulatory challenges faced by the cryptocurrency industry. As the legal battle persists, both Ripple and the SEC must address the procedural issues and work towards a resolution that clarifies the regulatory status of digital assets. The outcome of this case will have far-reaching implications for the future of cryptocurrencies and their integration into the global financial system.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet