The U.S. Securities and Exchange Commission (SEC) has dropped lawsuits against major crypto firms like Cb, Cs, and K....., but its case against Ripple remains active—raising eyebrows across the industry. 🤔 Why is Ripple still in the SEC’s crosshairs? Let’s dive into the latest theories and speculations.
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�⚖️ Is Ripple Trying to Overturn a Court Injunction?
Market analyst Vincent Van Code suggests that Ripple may be negotiating with the U.S. Court of Appeals for the Second Circuit to reverse a pivotal ruling from July 13, 2023. In that decision, Judge Analisa Torres ruled that Ripple’s direct sales of XRP to institutional investors were unregistered securities transactions.
Van Code believes Ripple is working to overturn this ruling to remove regulatory hurdles and enable seamless distribution of XRP to banks and payment processors within its RippleNet ecosystem. 🌐
Additionally, he speculates that Ripple might be positioning its **37.1 billion escrowed XRP tokens** as a potential asset for the **U.S. Strategic Crypto Reserve**. This move could not only boost XRP’s standing but also settle the **$125 million penalty** imposed on Ripple in August 2024 by transferring XRP directly to the U.S. government. 💼
Notably, former President Donald Trump recently confirmed that **XRP will be included in the U.S. crypto reserve**, adding fuel to these speculations. However, Ripple would first need to overturn the court injunction restricting certain institutional sales of XRP. While intriguing, there’s no concrete evidence to confirm this theory yet.
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🤷♂️ Why Has the SEC Dropped Other Cases But Not Ripple?
The SEC’s recent dismissals of lawsuits against other crypto firms stand in stark contrast to its ongoing case against Ripple:
- **Cb**: The SEC dropped its lawsuit alleging the exchange was offering unregistered securities.
- **Cs**: The case involving MetaMask staking services was dismissed.
- **K......**: The lawsuit, which began in November 2023, was dismissed on February 18, 2025.
Meanwhile, the Ripple case, which began on **December 22, 2020**, remains the **oldest active crypto-related case** under review by the Second Circuit. The SEC filed its opening brief on **January 15, 2025**, and Ripple has until **April 16** to respond.
Van Code theorizes that this extended appeal process might involve behind-the-scenes negotiations to alter the legal outcome in Ripple’s favor. Could Ripple be working directly with the U.S. government to resolve the case? 🤝
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🧐 Other Perspectives: What’s Holding Ripple Back?
Legal expert Jeremy Hogan has pointed out that a court injunction currently limits Ripple’s ability to conduct institutional sales of XRP. He believes Ripple is working to ease these restrictions, which would allow for more flexible XRP distribution without legal constraints.
This perspective aligns with Van Code’s theory, suggesting that Ripple may be in discussions with the U.S. government to negotiate a favorable outcome for XRP’s future use.
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🕰️ What’s Next for Ripple and the SEC?
While the full picture remains unclear, one thing is evident: The SEC continues to delay its decision on Ripple, while other crypto cases are being quickly closed. Could Ripple be negotiating directly with the U.S. government about the future of XRP? The coming months may provide the answer.
Stay tuned as this high-stakes legal drama unfolds! 🎬
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