Quickly understand the history and background of various well-known coins

Ripple's XRP Future Unveiled: SEC's Mysterious Website Update

Coin WorldTuesday, Jan 28, 2025 1:55 pm ET

1min read

The recent removal of Ripple lawsuit references from the SEC's website has sparked significant speculation about the future of XRP. Despite the website updates, legal experts confirm that the lawsuit remains active on official channels, indicating no resolution has been reached. Ripple CEO Brad Garlinghouse's comments highlighting the SEC's enforcement approach have gained momentum amid these developments.

The SEC's recent deletion of Ripple lawsuit references ignites speculation about XRP's future while the case remains active, causing significant market interest. The Ripple vs. SEC case has been a focal point within the cryptocurrency landscape since its inception in 2018. The lawsuit not only garnered attention for its implications on Ripple's XRP token but also on the broader regulatory approach toward cryptocurrencies in the U.S. With rumors circulating about a possible settlement, the stakes have been particularly high.

Upon noticing the omission of the lawsuit from the SEC's website, social media reactions have been intense. Influencer John Squire expressed on X (formerly Twitter), "Is Ripple Free from the SEC? Searched for 'Ripple' in the SEC's litigation section and... No results!", sparking curiosity and further discourse within the crypto community. If confirmed, the removal of the lawsuit could symbolize a substantial victory not only for Ripple but also for the industry at large, showcasing a shift in federal regulatory attitudes under current leadership.

Ripple CEO Brad Garlinghouse criticized former SEC Chair Gary Gensler's prolonged handling of the case, asserting that the recent developments might finally reflect a change in approach toward crypto regulation. Despite these developments, other ongoing lawsuits, including those against cryptocurrency exchanges Kraken and Coinbase, remain visible on the SEC's website, leaving some legal analysts puzzled about the implications of the current situation.

A legal expert reiterated that while the website listings are not definitive, factual updates can fluctuate based on internal SEC decisions: "The SEC website does not matter. The appeal is still open in the Court's nationwide PACER system. I just logged in. The last entry is Ripple’s request for a time extension to file its Brief. The case status is still shown as active," emphasizing the complexities involved.

That said, the recent actions surrounding the lawsuit have not yet significantly impacted XRP's market price. Some industry analysts speculate that should the SEC officially close the case, it would likely lead to a substantial positive

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.