Will the SEC Drop Its Appeal Against Ripple? Here’s What We Know

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 SEC’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 SEC’s stance on crypto transactions.

The document specifically referenced Judge Analisa Torres’ ruling, which determined that XRP’s secondary sales—those made by regular investors—do not qualify as investment contracts. This ruling directly challenges the SEC’s argument and weakens its case against Ripple.

Eleanor Terrett Shuts Down the Rumors

Following the SEC’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 “no,” making it clear that the SEC is not considering backing down. To emphasize her frustration, she even included a facepalm emoji.

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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 hasn’t raised the white flag just yet. Let’s see what happens!

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