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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- May 07, 2025 01:09 UTC
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Is the Ripple SEC Lawsuit Over? Pro-XRP Lawyer Says Not Yet
Ripple halts its quarterly XRP reports, claiming the SEC used its transparency efforts against the company during the lawsuit.
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) was one of the longest and most talked-about crypto cases in recent years. In March 2025, Ripple CEO Brad Garlinghouse said the SEC had agreed to drop the case, just like it had done with other crypto companies.
Legal Status Still Unclear
However, unlike those other cases, the SEC has not officially confirmed that it is ending the Ripple lawsuit. Even so, many in the XRP community are already celebrating, thinking the case is over.
But a pro-XRP lawyer warned that it’s not finished yet. He explained that some legal steps still need to happen in court before it’s truly done.
Rippleโs Chief Legal Officer, Stuart Alderoty, spoke out recently, asking why the SEC brought the case in the first place. He said the SEC has now dropped every crypto case in the U.S., including its appeal against Ripple.
Alderoty explained that the SEC admitted it couldnโt take legal action without first clearly explaining the rules around crypto. Since there were no clear laws for crypto in the U.S., the SECโs cases didnโt hold up.
Ripple Ends Transparency Reports
Now, Ripple wants to move forward โ focusing on business, working with Congress, and helping create fair rules for crypto. Their goal is to protect consumers, keep out bad actors, and support innovation in the industry.
- Also Read :
- XRP Price Will Not Hit $100 in 2025, Hereโs Why
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In other news, Ripple has announced that it will stop publishing its regular quarterly reports on XRP. The company said it made this decision because the SEC used Rippleโs transparency efforts against it during their legal battle.
In its Q1 2025 market report, Ripple explained that it started the reports to be open about its XRP holdings and to share information that few other crypto companies were offering. However, Ripple now says those efforts didnโt work as planned and were actually turned against them โ especially by former SEC leaders.
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