The ongoing legal battle between the Securities and Exchange Commission (SEC) and cryptocurrency firm Ripple has taken an intriguing turn. While the case appears to have been removed from the SEC's litigation section, it remains active on the appellate court's website, leading to speculation about its future. Legal experts are divided on whether the SEC will ultimately continue to appeal the case, with some anticipating a de-escalation due to the new administration's pro-crypto stance.
Attorneys have shed light on the current status of the SEC's legal battle with Ripple , noting that while the case has been removed from the SEC's litigation section, it remains active on the appellate court website. Jeremy Hogan, a prominent attorney known for his expertise in cryptocurrency law, highlighted this discrepancy, stating that the case's removal from the SEC's site doesn't necessarily indicate its dismissal.
He emphasized that the case is still visible on the appellate court's platform, suggesting that the legal proceedings are ongoing.Stuart Alderoty, Ripple's General Counsel, echoed these sentiments, expressing confidence that the new SEC leadership, under Acting Chair Mark Uyeda, will likely shelve the case. This optimism stems from the new administration's commitment to establishing clear regulations for the cryptocurrency industry, a stance that contrasts with the previous SEC's more adversarial approach.Ripple had previously requested an April 16 deadline to file its opening brief in the case, further signaling its intent to engage actively in the legal proceedings. The SEC's decision to appeal the summary judgment and final judgment against Ripple, despite facing significant setbacks, has cast uncertainty over the case's future trajectory. While the agency's commitment to appealing the case remains unclear, the prevailing sentiment among legal experts suggests that the new SEC administration's pro-crypto stance might lead to a de-escalation of the conflict
SEC Ripple Cryptocurrency Lawsuit Appellate Court Pro-Crypto Regulation
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