Altcoins News
By Julie Binoche
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Confusion Grows Despite Ripple’s Statement. Ripple’s recent decision to end its appeal gave XRP holders a glimmer of hope.
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SEC Bureaucracy Slows the Process. Legal experts familiar with how the SEC operates say the delay is not necessarily a sign of bad…
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Did Ripple Jump the Gun?. Another voice adding to the conversation is crypto attorney James Farrell, who believes some of…
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Impact on XRP Price and Sentiment. The lingering uncertainty continues to weigh heavily on XRP.
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What Happens Next?. Until the SEC commissioners vote on whether to officially end the appeal, the case technically…
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Final Thoughts. The Ripple vs SEC lawsuit has lasted far longer than most expected, and even as it seems to be…
7 / 15
The XRP community is once again caught in a storm of uncertainty as the long-running legal dispute between Ripple Labs and the U.S.
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Ripple’s recent decision to end its appeal gave XRP holders a glimmer of hope. The announcement suggested that both sides were ready to put the exhausting legal process behind…
9 / 15
But that closure never came. Despite Ripple’s move, the SEC has not publicly confirmed whether it will drop the remaining appeal.
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Supporters of XRP, some of whom have been holding the asset through years of legal uncertainty, are now questioning why the SEC hasn’t taken action.
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According to Fagel, the enforcement division at the SEC can recommend withdrawing an appeal, but that decision doesn’t take effect immediately.
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In more urgent situations, the SEC can accelerate this timeline. However, that doesn’t appear to be the case with Ripple.
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Fagel also pointed out that this isn’t the first time the SEC has had to approve a dismissal in the Ripple case.
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Another voice adding to the conversation is crypto attorney James Farrell, who believes some of the confusion might come down to how Ripple framed its statement.
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According to Farrell, experienced legal professionals typically use cautious phrasing when discussing pending matters.
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