1st February 2025 â (New York) The U.S. Securities and Exchange Commission (SEC) has quietly adjusted its website, moving references to its lawsuit against Ripple Labs to the âcases on appealâ section. This subtle change has ignited speculation about the direction of the high-profile legal battle. While some interpret this as a sign of potential resolution, legal experts, including attorney Jeremy Hogan, have clarified that the case remains active in appellate court.
Rippleâs ongoing legal struggles have significant implications for the broader cryptocurrency market, as the SEC continues to scrutinise digital assets. Lawyer Bill Morgan emphasised that XRP transactions lack post-sale obligations, a critical argument in Rippleâs favour. Judge Torresâ prior ruling on this issue has strengthened Rippleâs position, potentially setting a precedent for how cryptocurrencies are regulated in the United States.
Despite the legal challenges, XRPâs growth potential continues to attract attention. Rippleâs On-Demand Liquidity (ODL) service, which facilitates billions in cross-border transactions, has positioned XRP as a major player in global payments. Analysts are optimistic that regulatory clarity could unlock new opportunities, projecting price targets for XRP ranging from $2.50 to as high as $10.
Rippleâs partnerships with financial institutions and the efficiency of its ODL service underscore XRPâs utility in reducing transaction costs and time for cross-border payments. As the legal battle unfolds, investors are closely watching for signs of resolution, which could catalyse further adoption and price appreciation for XRP.
