News View Non-AMP

Ripple vs. SEC Cost Dispute: What It Means for XRP’s Future Outlook

Published by
Nidhi Kolhapur

The legal saga of Ripple Labs took another turn with a recent update. The plaintiff has filed a notice regarding costs taxed in the appeals court, while Ripple submitted a “bill of costs” following a favorable district court ruling. The company is now requesting compensation for the time and expenses spent on the lawsuit over alleged securities violations.

Here’s what you should know.

Sostack Appeals the Court’s Ruling on Costs

Lead plaintiff Bradley Sostack has filed an appeal to challenge the $210,591.52 in costs taxed against the class plaintiffs in the U.S. Court of Appeals for the Ninth Circuit. Sostack and the class are asking the court to either deny or reduce Ripple’s bill of costs.

Despite these objections, the court ruled in favor of Ripple, XRP II, and CEO brad garlinghouse , issuing a summary judgment. The class claims involved allegations of unregistered offers and sales of securities, Ripple’s and Garlinghouse’s roles as control persons, and violations of California securities law.

What’s Inside Ripple’s Bill of Costs?

Ripple’s bill of costs includes a declaration from Litigation Director Ana Guardado, along with 65 exhibit documents detailing litigation costs, lawyer expenses, and other relevant information. This filing was likely aimed at covering the wasted time and incurred costs during the lawsuit.

The lawsuit now appears to be over, with both parties agreeing that there’s no reason to delay judgment. The class claims have been resolved, and the Trump administration has plans to end most lawsuits against crypto companies while creating a clearer regulatory framework for the industry.

Ripple vs. SEC: What’s the Buzz?

The Ripple vs. SEC case continues to stir speculation. Recent rumors of a possible settlement or dismissal have caused XRP’s price to rise. Investors are closely watching the situation, especially after the U.S. SEC’s first closed meeting under acting chairman Mark Uyeda. Many are hoping for a major decision to come out of this meeting that could change the course of the case.

Though former SEC attorney Marc Fagel has rejected these rumors, market participants remain hopeful. Many are optimistic about potential positive news that could lead to a sharp increase in XRP’s price. With so much uncertainty, the XRP community is keeping a close eye on developments.

Experts Weigh In

Legal experts, including former SEC lawyer Marc Fagel, suggest the SEC may not pursue further appeals under the leadership of Paul Atkins. Lawyer Jeremy Hogan believes this lengthy legal battle could conclude in April or May, bringing much-needed clarity to Ripple’s future.

As Ripple’s legal fight continues, both investors and the broader crypto community are eagerly awaiting what comes next. Will Ripple prevail, or will the SEC’s efforts carry on? Only time will tell.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Grayscale Announced the Launch of Two New Bitcoin ETFs – Here Are They!

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025

XRP Stalls at $2—Is Ozak AI ($OZ) the Next Big Crypto Breakout?

XRP has struggled to break past the $2.5 mark despite strong market momentum. Meanwhile, Ozak…

April 2, 2025

Rexas Finance (RXS) vs. Shiba Inu (SHIB): Will SHIB Rebound, or is 2025 the Year of RXS?

Investors must make a crucial choice as the bitcoin market develops: stick to well-known meme…

April 2, 2025