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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.
- Jan 20, 2025 08:14 UTC
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Ripple vs. SEC: Legal Expert Predicts Lawsuit Could Last Another 10 Months
Ripple vs SEC lawsuit nears its end; XRP rallies as legal shift could reshape crypto market and secure future for other tokens.
XRP hits $3, highest since 2018; favorable SEC ruling could drive more adoption and spark further growth for Rippleโs technology.
Rippleโs XRP could finally be on the verge of breaking free from the SECโs legal grip, with recent developments suggesting a significant shift in the ongoing lawsuit. Back in late 2020, the SEC sued Ripple Labs, alleging that XRP was being sold as an unregistered security. This lawsuit has been dragging on for nearly four years, and many in the crypto community are now wondering if itโs about to come to an end.
The SEC has recently doubled down on its appeal, arguing that the court erred in deciding that XRP sales were not securities. However, some legal experts, including former SEC lawyer Marc Fagel, believe that the case could continue for another 10 months, or possibly be dropped if new SEC leadership decides not to pursue it. With Gary Gensler’s exit from the SEC, there is a growing possibility that the new leadership may go ahead with what Fagel said. Rippleโs legal team remains confident that the SECโs arguments are weak and that the appeal could be dismissed.
If Ripple wins, it could have far-reaching effects on the crypto market. A ruling in Rippleโs favor would set a precedent for other cryptocurrencies, potentially shielding them from SEC scrutiny. On the other hand, if the SEC wins, it could create broader regulatory challenges for tokens that rely on community-driven hype or marketing, as they might be classified as securities.
XRP Rally Continues
XRP has just reached its highest price since 2018, surpassing $3.Several factors could push XRP to higher levels. A favorable outcome in the SEC lawsuit would act as a major catalyst for growth. Additionally, the broader adoption of Rippleโs technology in cross-border payments could drive more demand for XRP.
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FAQs
Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.ย ย
Yes 
No 
