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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 31, 2025 05:45 UTC
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XRP Lawsuit News: Can Acting SEC Chair Mark Uyeda Drop the Ripple Case?
Ripple CEO Talks to Trump โ Discussions heat up over XRP as a potential U.S. national digital asset reserve.
Ripple Case Removed from SEC Website โ What does this move indicate? Settlement rumors spark speculation.
Acting SEC Chair's Role โ Why it's unusual for an Acting Chair to drop Ripple's high-profile case.
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.
Ripple’s CEO Talks to Trump About XRP as National Digital Reserve
One factor intensifying speculation is the revelation that Ripple’s CEO, Brad Garlinghouse, has had direct discussions with President Donald Trump regarding XRP as a potential U.S. national digital asset reserve. While the idea of XRP becoming a national reserve asset remains uncertain, the fact that such discussions are happening is seen as a major development.ย
Ripple Case Removed from SEC Website: What Does It Mean?
The recent removal of the Ripple case from the SEC’s website is also being widely discussed. While this move has sparked rumors about an imminent settlement, experts warn against reading too much into it.
Sherrie, a well-known expert in the XRP community, said that the SEC didnโt move the case; itโs actually been concluded and is now listed under Award Claims. Once the case was appealed, it received a new case number and can be found on the Court of Appeals website.
Challenges in Dropping the Case: Acting SEC Chair’s Role
When a user enquired about why acting Chairman Mark Uyeda has not yet dropped the case, she explained that it would be unusual for an acting SEC Chair to drop a high-profile case like Rippleโs. Normally, these big cases are handled by the official Chairman
It would be unusual for an Acting Chair to take such a liberty as to drop a high profile case such as Rippleโs. Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April,
She Wrote.
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