{"id":7545,"date":"2025-01-14T10:32:38","date_gmt":"2025-01-14T10:32:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7545"},"modified":"2025-01-14T10:32:38","modified_gmt":"2025-01-14T10:32:38","slug":"ripple-vs-sec-why-this-week-could-be-a-turning-point-in-the-lawsuit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7545","title":{"rendered":"Ripple vs. SEC: Why This Week Could Be a Turning Point in the Lawsuit"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Ripple\u2019s legal battle with the SEC reaches a key moment as the agency must file its opening brief by January 15.<\/li>\n<li>With Gary Gensler stepping down on January 20, incoming pro-crypto SEC Chair Paul Atkins raises hopes for a favorable resolution, though the case\u2019s complexity tempers expectations.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-378600\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/RippleSEC_CB-55-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Deadline Approaches<\/h2>\n<p><span data-preserver-spaces=\"true\">The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) started in December 2020. <\/span><span data-preserver-spaces=\"true\">Back then, the<\/span><span data-preserver-spaces=\"true\"> regulator sued the company, accusing it and some of its executives\u00a0of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the numerous rulings and developments in the following years, the lawsuit remains ongoing. Last year, for instance, Judge Analisa Torres <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-fined-125m-in-lawsuit-against-sec-xrp-price-soars-20-immediately\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">ordered<\/span><\/a><span data-preserver-spaces=\"true\"> Ripple to pay a $125 million civil penalty for violating federal securities laws through its institutional sales of XRP. <\/span><span data-preserver-spaces=\"true\">Prior to<\/span><span data-preserver-spaces=\"true\"> that, she found that the company\u2019s programmatic sales of XRP to retail clients through centralized exchanges did not breach the rules.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The firm was ready to pay the fine, which would have officially settled the case. After all, the sum represented just a fraction of the $2 billion the SEC initially asked for. <\/span><span data-preserver-spaces=\"true\">Nonetheless, the watchdog <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/sec-provides-details-with-last-minute-appeal-in-ripple-xrp-ruling\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">filed<\/span><\/a><span data-preserver-spaces=\"true\"> a last-minute appeal, and the lawsuit entered a new phase<\/span><span data-preserver-spaces=\"true\">, which consists of filings<\/span><span data-preserver-spaces=\"true\"> and a briefing process.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that the agency\u2019s petition will <\/span><span data-preserver-spaces=\"true\">be dismissed<\/span><span data-preserver-spaces=\"true\"> unless it files<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/FilanLaw\/status\/1852180560795357536?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1852180560795357536%7Ctwgr%5E4579c6ec63f56232af85b7f93c9f792ff0c69287%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptobriefing.com%2Fripple-sec-appeal-deadline-2025%2F\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\"> an opening brief<\/span><\/a><span data-preserver-spaces=\"true\"> against Ripple by tomorrow (January 15).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to some legal experts, the SEC will not miss the deadline. <\/span><span data-preserver-spaces=\"true\">Jeremy Hogan <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/attorneyjeremy1\/status\/1876393425894805592\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> people shouldn\u2019t be surprised if that\u2019s the case since the agency is still spearheaded by Chairman Gary Gensler.<\/span><span data-preserver-spaces=\"true\"> The latter is known as a critic of the digital asset industry, with the Commission filing countless lawsuits against crypto businesses during his tenure.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe SEC will file its brief <\/span><span data-preserver-spaces=\"true\">on January 15<\/span><span data-preserver-spaces=\"true\"> because it has to, but that doesn\u2019t mean the incoming heads of the SEC won\u2019t settle the case. It changes nothing,\u201d he added.<\/span><\/p>\n<\/blockquote>\n<h2><span data-preserver-spaces=\"true\">Waiting for the Next Chairman<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that Gensler has <\/span><span data-preserver-spaces=\"true\">less than a week<\/span><span data-preserver-spaces=\"true\"> left at the helm of the securities regulator.<\/span><span data-preserver-spaces=\"true\"> He decided to step down on January 20 after Donald Trump <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">promised<\/span><\/a><span data-preserver-spaces=\"true\"> to fire him on day 1 after assuming office at the White House.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The<\/span><span data-preserver-spaces=\"true\"> next leader of the SEC <\/span><span data-preserver-spaces=\"true\">will be <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/why-is-ripple-xrp-plunging-when-trump-picked-pro-crypto-sec-chair\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Trump\u2019s nominee, <\/span><span data-preserver-spaces=\"true\">Paul<\/span><span data-preserver-spaces=\"true\"> Atkins<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> He has expressed a pro-crypto stance <\/span><span data-preserver-spaces=\"true\">in the past<\/span><span data-preserver-spaces=\"true\">, triggering enthusiasm across the XRP Army. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some <\/span><span data-preserver-spaces=\"true\">of the<\/span><span data-preserver-spaces=\"true\"> optimists expect the Commission\u2019s upcoming leadership to take a less hostile stance toward the cryptocurrency industry and push the case against Ripple to a favorable resolution soon. However, <\/span><span data-preserver-spaces=\"true\">they should have somewhat realistic hopes,<\/span><span data-preserver-spaces=\"true\"> considering the complexity of the entire legal process.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ripple-vs-sec-why-this-week-could-be-a-turning-point-in-the-lawsuit\/\" rel=\"nofollow\">Ripple vs. SEC: Why This Week Could Be a Turning Point in the Lawsuit<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ripple\u2019s legal battle with the SEC reaches a key moment as the agency must file its opening brief by January 15. With Gary Gensler stepping down on January 20, incoming pro-crypto SEC Chair Paul Atkins raises hopes for a favorable resolution, though the case\u2019s complexity tempers expectations. The Deadline Approaches The legal tussle between [&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-7545","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\/7545","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=7545"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7545\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}