SEC Removes the Ripple Lawsuit From Its Website

Source Beincrypto

In a surprising development, the SEC has apparently dropped its lawsuit against Ripple without announcement. The Commission removed references to the case from its website, but other crypto lawsuits are still visible.

At least one attorney claimed that the suit is still listed on more restricted/official channels, but this may or may not change.

Is Ripple Vs SEC Finally Over?

The Ripple vs SEC case has been one of the biggest talking points in crypto since it was first filed four years ago. For instance, rumors of a settlement between these two parties have fueled major price bumps in Ripple’s XRP token.

Since President Trump’s election win in November, XRP surged by over 400%, anticipating that the lawsuit would be dropped under the new administration. Yet, the SEC recently appealed against Ripple, which reflected that the case might run longer.

Today, however, social media users are noticing that the SEC’s website removed all references to this suit.

“Is Ripple Free from the SEC? Searched for “Ripple” in the SEC’s litigation section and… No results! Did the legal battle just end? Is this the final chapter of XRP vs SEC? If true, this could be a historic moment for XRP,” influencer John Squire claimed on X (formerly Twitter).

If true, this would be a major milestone for the crypto industry. First and foremost, it’s a real demonstration of the pro-industry shift in federal regulators since Trump took office.

Ripple CEO Brad Garlinghouse recently mocked former SEC Chair Gary Gensler for dragging this case out. Maybe this view was vindicated since the new SEC dropped it.

SEC Delists Ripple LawsuitSEC Delists Ripple Lawsuit. Source: SEC

Commentators have also noted that other suits, such as the one against Kraken and Coinbase, are still on the website. However, the developers are still not clear.

For example, one attorney used his own behind-the-scenes access to dispute the listing’s significance:

“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,” he claimed.

Nonetheless, he did acknowledge that this state of affairs may change soon. This SEC rumor is extremely recent, so it hasn’t noticeably impacted the price of Ripple’s XRP token.

Overall, most industry experts believe it’s only a matter of time before this lawsuit is officially null and void. With this shift in financial regulators, the SEC and other US regulators are expected to tone down on anti-crypto enforcement efforts.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Outlook 2025As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
Author  TradingKey
Jan 23, Thu
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Dogecoin Price Could Reach $1.05 As Early As June – AnalystAfter several weeks of consolidation, Dogecoin has again started to climb, with its price almost doubling in a 30-day timeframe. This sudden rally comes behind a wider inflow into the crypto market, with many bullish indicators now surfacing on Dogecoin’s price chart.
Author  Bitcoinist
May 13, Tue
After several weeks of consolidation, Dogecoin has again started to climb, with its price almost doubling in a 30-day timeframe. This sudden rally comes behind a wider inflow into the crypto market, with many bullish indicators now surfacing on Dogecoin’s price chart.
placeholder
Gold price trades with positive bias below $3,400, multi-week top ahead of US NFPGold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and reverses a part of the previous day's retracement slide from levels just above the $3,400 mark or over a four-week peak.
Author  FXStreet
Jun 06, Fri
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and reverses a part of the previous day's retracement slide from levels just above the $3,400 mark or over a four-week peak.
placeholder
Solana Price Forecast: SOL tests $140 support zone amid rising selling pressureSolana (SOL) edges higher by 2% at press time on Friday as it avoids a drop to the $140 support zone. However, the Solana price trend is approaching its second consecutive bearish week close, following a near 6% drop on Thursday.
Author  FXStreet
Jun 06, Fri
Solana (SOL) edges higher by 2% at press time on Friday as it avoids a drop to the $140 support zone. However, the Solana price trend is approaching its second consecutive bearish week close, following a near 6% drop on Thursday.
goTop
quote