The SEC set up to withdraw the Coinbase litigation, but is Ripple’s battles more complex?
According to the Fox Business Reporter Eleanor Teret, the procedure of the Ripple event is more complicated than Coinbase. She pointed out that she was already ordered by a torres judge to pay a fine of $ 125 million.
Will the SEC appeal in the second circuit?
She mentioned that Judge Torres will supervise the case to be punished by August 7, 2025. In addition, she also shared that the SEC could decide to withdraw the appeal in the second circuit, but it would still be necessary to find out how to handle the fines in the District Court. They were able to negotiate to reduce or eliminate punishment, and require the approval of Judge Torres.
She mentioned that there is some uncertainty in all of this because one legal source mentioned that “we are in an unknown area.”
According to a recent update, the US Securities and Exchange Commission (SEC) is expected to withdraw the lawsuit against Coinbase and receive the approval of the commissioner of the institution. When completed, this can be a significant legal victory of the cryptocurrency industry and can be a turning point of future regulations.
According to Coinbase’s chief law manager, the SEC will soon vote for a deal to dismiss the case. If the voting is passed, it may not clarify the coinbase of legal problems, but also show the example of another encryption company facing similar regulatory problems.
Is Ripple vs sec end soon?
Nevertheless, the XRP community believes that long -term execution lawsuits will soon be over. This optimism comes after the SEC has recently shown an openness considering the XRP exchange transaction fund (ETF). Experts indicate that this change may be no longer related or a big concern.
XRP ETF approval increases hope
Bloomberg’s analyst James Seyffart said that the SEC of the previous leadership would have rejected the XRP ETF application, especially after refusing to be similar to Solana in December. He believes that this new development will slightly improve the possibility of approval of ETFs. In addition, NATE GERACI, co -founder of ETF Institute, pointed out that the recognition of SEC could have a significant impact on the ongoing case of Ripple.
Stuart Alderoty, the chief lawyer of Ripple, can also expect a resolution soon by referring to SEC’s approval for submission of XRP ETFs. According to legal sources, the SEC prioritizes the case by pressing the same deadline as Kraken on March 31, 2025, and the Ripple case is left in the back seat. However, coinbase transactions can cause chain reactions.