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Will the SEC Drop Its Appeal Against Ripple? Hereโ€™s What We Know

Story Highlights
  • Ripple vs sec closed-door meeting fueled speculation about SEC dropping Ripple lawsuit appeal.

  • FOX Journalist Eleanor Terrett denied SEC dropping case rumors, calling them misleading speculation.

  • No official confirmation; Ripple lawsuit remains active despite other SEC withdrawals.

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has sparked fresh speculation after a closed-door SEC meeting on February 27, 2025. Rumors spread that the SEC might be considering dropping its appeal against Ripple, but Fox Business journalist Eleanor Terrett quickly dismissed them.

So, is there any truth to these claims?

What Sparked the Speculation?

The rumors started after the SECโ€™s Crypto Task Force held a private meeting with legal experts Jason Gottlieb, Andrew Hinkes, and J.W. Verret on February 24, 2025. During this meeting, the experts submitted a document analyzing how the SEC regulates digital assets and highlighting key legal concerns.

A major focus of the document was the Ripple lawsuit. The experts pointed out that the SEC had classified some cryptocurrencies as securities without clear court approval. They also noted that judges have not fully agreed with the SECโ€™s stance on crypto transactions.

The document specifically referenced Judge Analisa Torresโ€™ ruling, which determined that XRPโ€™s secondary salesโ€”those made by regular investorsโ€”do not qualify as investment contracts. This ruling directly challenges the SECโ€™s argument and weakens its case against Ripple.

Eleanor Terrett Shuts Down the Rumors

Following the SECโ€™s meeting, speculation grew that the agency was preparing to drop its appeal against Ripple. However, Eleanor Terrett was quick to shut down these claims.

When asked about it, she responded with a firm โ€œno,โ€ making it clear that the SEC is not considering backing down. To emphasize her frustration, she even included a facepalm emoji.

Current Status of the XRP Lawsuit

As of now, there is no official confirmation that the SEC plans to withdraw its case against Ripple. While the agency has dropped other crypto-related lawsuits, its legal fight with Ripple remains active.

If the SEC were to abandon its appeal, further legal discussions with Judge Torres would be required. For now, the case continues, keeping the crypto community closely watching for the next development.

The SEC may have lost ground, but it hasnโ€™t raised the white flag just yet. Let’s see what happens!

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FAQs

Did Ripple win the lawsuit?

Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.ย ย 

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