Ripple vs SEC Case: Will There Be a Bright Spot?

Jakarta, Pintu News—The trial between Ripple Labs and the United States Securities and Exchange Commission (SEC) seems to be reaching its climax soon, but several obstacles remain in the way of resolving the case.

Various factors, including Judge Analisa Torres’s court order, added to the situation’s complexity.

Check out the full news below!

Judge Torres’ Order a Major Obstacle

According to attorney Jeremy Hogan, the delay in settling the Ripple Labs case is related to an injunction issued by District Judge Analisa Torres. In his ruling, Judge Torres has restricted Ripple Labs from selling securities to the public under certain conditions.

This could potentially hamper Ripple Labs’ plans to conduct an Initial Public Offering (IPO) in the future, a move that the company considers crucial. Ripple Labs is asking the court to ignore the injunction, which has been a major source of delay in the case resolution.

However, asking the court to ignore its own order is no easy task, given that the order is based on the Howey test, a legal standard long used by the US Supreme Court.

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A Possible Way Out of the Ripple SEC Case

According to Rule 60 of the Federal Rules, there is a provision for relief from an injunction in special circumstances if new facts or errors are revealed. However, since the injunction is based on the Howey test, it is difficult for the court to set aside the injunction without strong arguments from Ripple Labs.

If Ripple Labs can present a convincing argument, Judge Torres may use his discretion to set aside the injunction. After a closed-door meeting with the SEC, Ripple Labs seems nearing the end of a long legal battle with this security watchdog agency.

Hogan predicts both parties will withdraw their appeals in April, effectively ending the legal saga in May.

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Good News for Ripple (XRP)

In an exciting development, Ripple (XRP) has made it to the US Crypto Strategic Reserve, an announcement made by President Donald Trump. This success marks an important milestone for Ripple (XRP) in strengthening its position in the global crypto market.

This decision also shows that the US government recognizes and validates Ripple (XRP) as an important crypto asset.

This news is expected to boost the Ripple (XRP) exchange rate in the market and increase investor and user confidence in the long run. This success could also be an important indicator for other companies in the crypto industry to follow in Ripple’s (XRP) footsteps.

Conclusion

With various challenges and opportunities, this case between Ripple Labs and the SEC is important not only for both parties but also for the entire crypto industry.

The upcoming decision could shape the future of crypto regulation in the United States and possibly globally. All eyes are now on the final decision that will determine the future direction of Ripple (XRP) and its effect on the crypto market as a whole.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Lawyer Reveals Likely Reason for Delay in Settling Ripple SEC Case. Accessed on March 4, 2025
• Featured Image: Cryptopolitan