The long-running legal battle between Ripple and the SEC might finally be over. According to sources, the case is wrapping up, and a decision is expected soon.
Ripple’s Fight for Favorable Terms
The SEC sued Ripple in late 2020, claiming XRP was an unregistered security. This hurt XRP’s price, keeping it between $0.30 and $0.50 for years. Ripple argued XRP is a digital currency, not a security.
The delay in settling the case comes down to Ripple negotiating better terms after a court ruling. That ruling fined Ripple $125 million and banned them from selling XRP to institutional investors.
A Changing Regulatory Landscape
Ripple’s defense seems to be that with the SEC dropping cases against other crypto companies, it’s unfair to keep targeting them. The SEC’s own uncertainty about the situation adds to the complexity. Accepting the previous court ruling would mean Ripple admits wrongdoing, which doesn’t fit with the SEC’s stated goals.
This all comes at a time when the regulatory environment is shifting. There’s a more lenient approach towards crypto firms, with the SEC dropping cases against companies like Coinbase, Kraken, and Uniswap Labs.
XRP’s Price Reaction
At the moment, XRP is trading at $2.20, up 1.2% in the last 24 hours. This suggests the market is optimistic about a positive outcome for Ripple.
