The SEC’s sudden decision to drop lawsuits against Coinbase, Consensys, and Gemini has sent shockwaves through the crypto industry. Meanwhile, Binance’s case has been put on hold for 60 days. This unexpected shift has left many wondering – could Ripple be next?
For years, Ripple has been locked in one of the most high-profile legal battles in crypto history. With the SEC now stepping back in other cases, speculation is growing that a resolution could be on the horizon. But just as optimism builds, XRP has taken a 10% hit today, reacting to Trump’s new tariff policies.
Legal expert Jeremy Hogan, who has been closely following the case, believes three key dates—March 14, April 11, and May 1—could be important for a resolution. While the SEC has been withdrawing cases recently, Hogan thinks Ripple’s situation is more complex, making a quick settlement unlikely.
Despite Ripple’s partial victory last year, the SEC is still pushing for penalties, including a $125 million fine. Another legal expert, Fred Rispoli, predicts the case could be settled “any day now.” He suggests Ripple may agree to the fine, drop all appeals, and close the case for good.
Under gary gensler
Despite the SEC backing off in other cases, some legal experts, including Hogan and MetaLawMan, argue that Ripple’s case is different. Last year, Judge Analisa Torres ruled that XRP’s programmatic sales were not securities, which was a major win for Ripple. But the SEC is still challenging other parts of the case, which could drag it out even longer.
Former SEC official John Reed Stark has a different take. He believes the SEC’s recent moves are a sign of weakness rather than strategy. In his view, backing down could hurt the agency’s credibility rather than helping crypto.
What Happens Next?
The case now stands at a crossroads. If the courts uphold Judge Torres’s ruling, it will be a significant victory for Ripple and the broader crypto industry. A settlement is also possible, especially given the SEC’s recent actions. However, there’s still a risk that an appeals court could reverse the decision, handing a major win to the SEC.
With regulators stepping back from aggressive legal battles, the big question remains—will Ripple be next to walk free?
Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
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