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

SEC Mysteriously Removes Ripple Lawsuit from Website

Coin WorldWednesday, Jan 29, 2025 6:06 am ET

1min read

The U.S. Securities and Exchange Commission (SEC) has removed all references to the Ripple lawsuit from its official website, sparking speculation that the long-running legal battle between the SEC and Ripple might be over. However, legal experts remain cautious, as the case still appears in the federal court system.

Users searching for the Ripple lawsuit on the SEC’s litigation section found no results. This absence has led many crypto communities to believe the case has been dropped. Other lawsuits, including those against Kraken and Coinbase, are still listed on the site.

Ripple’s case has been one of the most closely watched in the crypto industry. Its removal from the SEC’s website has raised questions about whether the agency is shifting its approach. The lawsuit has influenced the price of XRP, with past rumors of a settlement leading to significant price surges.

Some legal professionals argue that the case remains active despite the website update. A prominent attorney confirmed that the Ripple lawsuit is still recorded in the nationwide PACER system. The last court entry reportedly reflects Ripple’s request for more time to submit its legal brief.

While the SEC’s website is a key resource, it is not the final authority on case status. Court records hold more weight in determining whether a lawsuit is still ongoing. This discrepancy has led to mixed reactions from investors and industry analysts.

The crypto industry has been abuzz with discussions about the removal of the Ripple lawsuit from the SEC’s website. Some believe it signals a significant shift in regulatory enforcement under the new administration. Others caution that the legal battle is not necessarily over until an official court decision is made.

Ripple CEO Brad Garlinghouse has previously criticized former SEC Chair Gary Gensler for prolonging the lawsuit. The latest development could indicate a change in leadership priorities within the agency. However, without a formal announcement, speculation continues regarding the lawsuit’s true status.

The SEC’s stance on crypto enforcement has evolved, with increased scrutiny on exchanges and digital assets. If the Ripple lawsuit is dismissed, it could set a precedent for future regulatory actions. The industry awaits further confirmation on whether the case has officially come to an end. For now, the removal from the SEC’s website remains an intriguing but inconclusive sign. Legal professionals emphasize that a final resolution must come through the courts.

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.