{"id":14652,"date":"2025-02-24T10:02:30","date_gmt":"2025-02-24T10:02:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14652"},"modified":"2025-02-24T10:02:30","modified_gmt":"2025-02-24T10:02:30","slug":"ripple-v-sec-lawsuit-heres-why-a-quick-resolution-is-unlikely","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14652","title":{"rendered":"Ripple v. SEC Lawsuit: Here\u2019s Why a Quick Resolution Is Unlikely"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\"><strong>TL;DR<\/strong><\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Experts argue that Ripple\u2019s legal battle with the SEC is far more complex, involving procedural intricacies like an existing $125 million penalty and ongoing jurisdictional oversight until August 7.<\/span><\/li>\n<li>Others have pointed to the recent changes in its management team to envision a potential pause of all crypto-related cases.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-384607\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-4-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/p>\n<h2>Settled Rather Than Dismissed?<\/h2>\n<p><span data-preserver-spaces=\"true\">The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) dates back <\/span><span data-preserver-spaces=\"true\">to December 2020<\/span><span data-preserver-spaces=\"true\"> and is among the most-discussed topics in the cryptocurrency industry. Some recent developments and partial court wins in favor of the company have sparked speculation that a resolution could be forthcoming, but the case remains open.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last week, Coinbase\u2019s CEO Brian Armstrong\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/coinbase-ceo-boasts-about-sec-lawsuit-dismissal-is-ripple-next\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">revealed <\/span><\/a><span data-preserver-spaces=\"true\">that his firm\u00a0<\/span><span data-preserver-spaces=\"true\">reached an agreement<\/span><span data-preserver-spaces=\"true\"> with the securities regulator to dismiss their lawsuit. The XRP Army celebrated the news, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/DefendDark\/status\/1892932799251747201\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">arguing<\/span><\/a><span data-preserver-spaces=\"true\"> that the\u00a0next dropped case could be against Ripple. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The popular<\/span><span data-preserver-spaces=\"true\"> US lawyer Jeremy Hogan, though, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/attorneyjeremy1\/status\/1892959924881133818?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1893102332512018607%7Ctwgr%5E6498418eae1e9bae97dff1257719a92720225162%7Ctwcon%5Es4_&amp;ref_url=https%3A%2F%2Ftimestabloid.com%2Fpro-xrp-lawyer-says-ripple-sec-case-resolution-is-in-play-states-likely-timelines%2F\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">believes<\/span><\/a><span data-preserver-spaces=\"true\"> such a scenario is not that simple. He <\/span><span data-preserver-spaces=\"true\">maintained<\/span><span data-preserver-spaces=\"true\"> that the battle against Ripple is more complicated and is more likely to be settled rather than dismissed.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe SEC broke up with Coinbase after a <\/span><span data-preserver-spaces=\"true\">couple<\/span><span data-preserver-spaces=\"true\"> dates. Ripple and the SEC live together and have a baby,\u201d the attorney stated.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Eleanor Terrett (a journalist at Fox Business) shared a similar thesis. She <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/EleanorTerrett\/status\/1892958285973872970\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that the Ripple case is \u201cmore procedurally complex\u201d than the one against Coinbase because Judge Torres has already <a href=\"https:\/\/cryptopotato.com\/ripple-fined-125m-in-lawsuit-against-sec-xrp-price-soars-20-immediately\/\" data-wpel-link=\"internal\">ordered<\/a> a $125 million penalty on the company for violating <\/span><span data-preserver-spaces=\"true\">certain<\/span><span data-preserver-spaces=\"true\"> rules. The journalist cited the final judgment to remind that the magistrate can retain jurisdiction <\/span><span data-preserver-spaces=\"true\">until August 7<\/span><span data-preserver-spaces=\"true\"> \u201cto make sure the <\/span><span data-preserver-spaces=\"true\">terms of the order<\/span> <span data-preserver-spaces=\"true\">are met<\/span><span data-preserver-spaces=\"true\">.\u201d<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cWhile the SEC could choose to drop the appeal at the Second Circuit, they would also need to figure out how to approach the district court and possibly <\/span><span data-preserver-spaces=\"true\">come to an agreement<\/span><span data-preserver-spaces=\"true\"> on the penalty ruling (reduce or ask to drop) and presumably get Torres\u2019s blessing as the presider.<\/span><\/p>\n<p>There\u2019s a degree of uncertainty in all of this because, as one legal source tells me: \u201cWe are in uncharted territory right now,<span data-preserver-spaces=\"true\">\u201c\u201d<\/span><span data-preserver-spaces=\"true\"> she added.<\/span><\/p>\n<\/blockquote>\n<h2><span data-preserver-spaces=\"true\">Another Opinion<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this month, John Reed Stark (a former SEC employee) also chipped in on the matter. He <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/is-a-pause-in-the-ripple-v-sec-lawsuit-imminent\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">thinks<\/span><\/a><span data-preserver-spaces=\"true\"> the watchdog might soon pause all crypto-related appeals, including the one against Ripple.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Stark based his theory on the <a href=\"https:\/\/cryptopotato.com\/binance-and-sec-agree-to-60-day-pause-in-legal-proceedings\/\" data-wpel-link=\"internal\">agreement<\/a> between the SEC and Binance and the recent changes in the regulator\u2019s leadership.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Recall that the regulator <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/important-ripple-v-sec-lawsuit-update-february-6\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">transferred<\/span><\/a><span data-preserver-spaces=\"true\"> one of its top crypto litigators, Jorge Tenreiro, to its IT department. The law expert joined the Commission more than 10 years ago, gradually climbing the ladder to become Chief Litigation Counsel in 2024. Tenreiro signed the SEC\u2019s notice of appeal in its case against Ripple.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cYet, this SEC trial lawyer, who championed the victories of Coinbase and Binance, is now glaringly absent from both the Coinbase and Binance pleadings, ordered to pack his pencils and legal pads and transfer to the SEC\u2019s IT department,\u201d Stark stated.<\/span><\/p>\n<\/blockquote>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ripple-v-sec-lawsuit-heres-why-a-quick-resolution-is-unlikely\/\" rel=\"nofollow\">Ripple v. SEC Lawsuit: Here\u2019s Why a Quick Resolution Is Unlikely<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Experts argue that Ripple\u2019s legal battle with the SEC is far more complex, involving procedural intricacies like an existing $125 million penalty and ongoing jurisdictional oversight until August 7. Others have pointed to the recent changes in its management team to envision a potential pause of all crypto-related cases. Settled Rather Than Dismissed? The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14652","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14652"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14652\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}