Revealed! SEC Withdraws Appeal, Ripple Leads Crypto Regulation Reform in US

Updated

May 5, 2025

Gambar Revealed! SEC Withdraws Appeal, Ripple Leads Crypto Regulation Reform in US

Jakarta, Pintu News – A surprising announcement came from Ripple Labs which revealed that the US Securities and Exchange Commission (SEC) has withdrawn its appeal against Ripple. This decision marks an important turning point in crypto regulation in the United States.

SEC Appeal Withdrawal: A Step Toward Clarifying the Law

In the newest Crypto In One Minute, Ripple's Chief Legal Officer @s_alderoty explains why the SEC dropped its appeal against Ripple in March 2025, and where the US is going with smart crypto regulation on the horizon: https://t.co/HJ4wTBWDmx

🔒 Protecting consumers
🟢… pic.twitter.com/KD9bi66sGI
— Ripple (@Ripple) May 2, 2025

Stuart Alderoty, Ripple’s Chief Legal Counsel, explained in a short video that the SEC has not only withdrawn the appeal against Ripple, but also stopped all lawsuits against the crypto company in the US. According to Alderoty, this step was taken because the SEC realized that enforcement cannot be done without adequate legal clarity.

So far, crypto regulation in the US has been unclear, so this decision is expected to pave the way for more defined rules. Previously, the SEC has been aggressive in prosecuting various crypto companies such as Coinbase, Kraken, and Uniswap. However, it is now shifting its strategy to focus on establishing a formal regulatory framework for the industry. Alderoty emphasized that this move is important to protect consumers and ensure market integrity.

Also Read: Potential Impact of Dogecoin ETF on Crypto Price and Market

Political Change and Legal Strategy

The change in SEC leadership came after Donald Trump won the 2024 presidential election against Kamala Harris. Mark Uyeda, a conservative commissioner, was appointed interim chairman. Under his leadership, the SEC scaled back its crypto enforcement unit and started a crypto task force. Hester Peirce, a longtime supporter of crypto innovation at the SEC, is now leading the effort.

The appointment of Paul Atkins as SEC Chairman, replacing Gary Gensler, is seen as a pivotal moment that will determine the future direction of the agency. This change is expected to bring a breath of fresh air to the crypto industry, which has often been under intense regulatory pressure.

Market Reaction and Ripple’s Next Steps

The market reacted positively to this development, with Ripple trading at $2.20, showing an increase of 0.28% on the day, despite a decline of 1.71% on the week. Trading volume also fell by 20.19%, reaching $1.85 billion.

Ripple is now focused on working with Congress to shape smart crypto regulations that not only protect consumers and maintain market integrity, but also encourage innovation. Alderoty emphasized that Ripple is ready to clean up the mess, return to the courtroom if necessary, and continue business as usual. This move is expected to provide greater legal certainty for all stakeholders in the crypto industry.

Conclusion

The SEC’s decision to withdraw its appeal and drop charges against crypto companies in the US is a major step towards clearer and fairer regulation. With support from new leaders and a focus on legislative cooperation, the future of crypto regulation in the US looks brighter. The industry now has the opportunity to thrive with more solid legal backing.

Also Read: Ethereum Outperforms Bitcoin: The Impact of Vitalik Buterin’s Proposal and Adam Back’s Response

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