Ripple's ongoing legal battle with the SEC reaches a crucial stage as the agency must submit its opening brief by January 15. With the departure of pro-crypto critic Gary Gensler on January 20, incoming SEC Chair Paul Atkins offers optimism for a favorable outcome. However, the case's complexity dampens expectations. Despite Judge Analisa Torres's ruling that Ripple's programmatic sales of XRP to retail clients through exchanges weren't illegal, the lawsuit persists. The SEC's stance under Gensler has been known for its hostility towards the crypto industry, but the change in leadership fuels hopes for a less adversarial approach.
Ripple ’s legal battle with the SEC reaches a key moment as the agency must file its opening brief by January 15.
Despite the numerous rulings and developments in the following years, the lawsuit remains ongoing. Last year, for instance, Judge Analisa Torresthat, she found that the company’s programmatic sales of XRP to retail clients through centralized exchanges did not breach the rules.
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