Sec./.ripple: The withdrawal of the SEC creates clarity in the matter-but Ripple’s profession is not off the table
- The withdrawal of the SEC’s application for appeal strengthens the legal position of Ripple and increases the chances of approvals from XRP ETFs.
- But with all the reports on Sec campaigns in this case, many have forgotten something: Ripple has also appealed against the judgment-and it is not withdrawn.
Yesterday it became known that the US stock exchange supervision SEC withdrawn its appointment in the long-term procedure against Ripple. In the procedure that was initiated in December 2020, Ripple was accused of selling XRP as a non -registered security.
The withdrawal means a decisive victory for Ripple and the crypto industry and could create a precedent for the future application of regulatory regulations. In addition, the Chief Legal Officer from Ripple, Stuart Alderoty emphasized:
“Ripple is progressing today – stronger than ever. This groundbreaking process has created a precedent for the domestic crypto industry.
Since the SEC has withdrawn its appointment, Ripple is now on the trigger and we will check how we can best continue to drive our own call. Regardless of this, there is a day to celebrate this victory today. ”
New legal maneuvers
In a tweet, Stuart Alderoty also optimistically commented on the decision of the Sec, but emphasized that Ripple is examining his options regarding his own calling. Specifically, it is directed against the part of the judgment issued that Ripple would have to pay a penalty of $ 125 million and would have to restrict the institutional XRP sale.
Today, Ripple moves forward—stronger than ever. This landmark case set a precedent for the domestic crypto industry.
With the SEC dropping its appeal, Ripple is now in the driver’s seat and we’ll evaluate how best to pursue our cross appeal. Regardless, today is a day to… https://t.co/NLgmiRrcjx
— Stuart Alderoty (@s_alderoty) March 19, 2025
The future strategy
As CNF reported, Professor Reiners emphasized the need that the congress is concerned with the regulatory gap in the crypto spot market. Since the SEC is no longer actively operating the case, the company is in a much stronger position to advise on its legal position.
The next steps of Ripple could mean further persecution of your own application for appeal. Then the next court would finally decide whether investment contracts require a specific form or not.
XRP ETF prospects are better and the market reacts positively
Sea ETF.com the decision of the SEC has a positive impact on the possible approval of XRP Exchange-Traded Funds (ETFs). Several well-known companies, including Franklin Templeton, have submitted applications for XRP ETFs, which shows the growing interest of institutions.
The settlement of the Causa Ripple increases the likelihood that these ETFs will be approved by the supervisory authorities, whereby the access of the Investors to make XRP returns easier.
The cryptom market has reacted positively to these developments. The XRP course has increased by around 9 % in the past few days and 12 % in the last week and reached almost $ 2.56 after the announcement.
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