Crypto News Today: Signs Point to SEC Dropping Ripple Lawsuit Soon – Here’s Why

The SEC just dropped its lawsuit against Hex founder Richard Heart, and the crypto community is buzzing. Could this be a sign that the Ripple vs. SEC case might finally come to an end? With the regulator stepping back from multiple crypto lawsuits, optimism is growing, and XRP lawyer John Deaton is making a strong push to get the Ripple case dismissed.

Let’s break it all down.

Deaton Calls for Ripple Case Dismissal

Deaton has urged SEC officials Hester Peirce and Mark Uyeda, along with crypto advocates David Sacks and Bo Hines, to help dismiss the case against Ripple. In a post on X, he wrote:

His call for action comes as the SEC backs away from several lawsuits, fueling speculation about its changing approach to crypto enforcement.

Is the SEC Losing Control?

The SEC’s decision to drop multiple lawsuits has sparked mixed reactions. While many in the crypto industry see this as a victory, former SEC official John Reed Stark has warned that it could be a bad sign for the agency. He suggests that backing down from enforcement could weaken the SEC’s ability to regulate the sector effectively.

Since the start of Donald Trump’s second term, the crypto industry has seen several legal victories. The SEC has dropped or closed six cases and asked courts to pause two more. With crypto playing a key role in the 2024 election, these developments suggest a shift in the regulatory approach—though how crypto will be governed remains unclear.

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SEC’s Changing Approach to Crypto

In the past week, the SEC has dropped its lawsuit against Coinbase, paused cases against Binance and Tron, and told platforms like ConsenSys, OpenSea, Robinhood, Uniswap, and Gemini that their investigations have been closed.

This shift follows SEC Commissioner hester peirce hester peirce Hester Peirce is the Commissioner of the SEC. She is known for formulating cryptocurrency regulations in the US. Hester is known as 'Crypto Mom' because she supports balanced policies that facilitate innovation and protect investors. She is also a professional lawyer and is associated with the Republican Party. With a strong background in law and economics, Hester has played a key role in creating clear regulatory frameworks for digital assets. She works closely with the Trump government and has promised clear and fair rules and regulations for cryptocurrency exchanges and blockchain projects. Quick Facts Full Name Hester Maria Peirce Birth 1970, Ohio, US Nationality American Education Case Western Reserve University, Yale University Marital Status Unmarried Net worth To be updated Peirce provides insightful directions on securities law as it applies to blockchain technology, bridging the gap between regulatory oversight and emerging crypto innovations. Her contributions continue to influence digital finance. Her work remains vital in today's digital economy. Hester Peirce  - A Career Timeline 2018: Appointed SEC Commissioner, advocating balanced crypto regulation and innovation. 2019: Championed clear digital asset frameworks to protect investors and promote market transparency. 2020: Influenced key blockchain policy discussions and integrated crypto-friendly securities guidelines. 2021: Advanced regulatory clarity for decentralized finance, emphasizing fair market practices. 2022: Recognized as "Crypto Mom" for her leading role in shaping digital asset oversight. Awards & Recognization of Hester Peirce Year Recognizations Description 2018 Emerging Regulatory Leader Blockchain News - For her balanced approach to crypto regulation. 2019 Digital Finance Advocate Award By Crypto Briefing for developing innovative policies in digital finance. 2020 Crypto Regulation Visionary Awarded by Forbes for her forward-thinking stance on overseeing digital asset markets. 2021 50 over 50 Forbes list For her contributions to investment policies. 2022 "Crypto Mom" Recognition By Financial Times for her influential role in guiding the crypto regulatory landscape. Useful Links to Connect With Hester Peirce Platform Links X (formerly Twitter) Hester Peirce (@HesterPeirce) / X LinkedIn profile https://www.linkedin.com/in/hester-peirce SEC commissioner profile https://www.sec.gov/commissioner/hpeirce EntrepreneurInvestorFinanceCrypto and Blockchain Expert ’s announcement of a new crypto task force, where she invited public input on how securities laws should apply to different types of digital assets. The SEC also withdrew Staff Accounting Bulletin 121, a widely criticized rule that affected crypto firms.

A New Strategy Under Acting Chair Uyeda

Although some investigations are still ongoing, it’s clear that the SEC is taking a different approach under Acting Chair Mark Uyeda. Unlike former Chair Gary Gensler’s aggressive enforcement strategy, Peirce has emphasized the need for clear policies to guide the industry, rather than relying on lawsuits to set the rules.