The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) is one of the most prominent issues in the field of cryptocurrencies.
The case began in December 2020 when the agency accused Ripple of raising $1.3 billion through an unregistered sale of XRP as a security.
Over the past few years, the case has seen several developments, with Ripple achieving partial victories in court.
Recently, Ripple’s chief legal officer, Stuart Aldroti, sparked controversy with a tweet on the X platform, in which he hinted at the possibility of a comprehensive victory.
In his tweet, Aldroti referred to the courage of the Ripple team and its ability to confront the inexplicable war led by the head of the authority, Gary Gensler, against cryptocurrencies.
Although there has been no official announcement about a settlement of the case, some have speculated that Aldroti has information about the incoming Trump administration’s intention to push the case toward a quick resolution.
This comes at a time when it has been confirmed that Gensler will step down from his position on January 20, after a period that witnessed the filing of many lawsuits against crypto companies.
While the changes in the authority’s leadership may indicate a potential shift in its stance on cryptocurrencies, the case against Ripple is still ongoing.
It remains to be seen whether Aldroti's cryptic tweet hints at an imminent decision or whether further developments will emerge next year with a new administration.