{"id":361454,"date":"2025-01-29T01:45:02","date_gmt":"2025-01-28T20:15:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/legal-expert-confirms-ripple-sec-case-still-active-despite-website-changes-edited-crypto-news\/"},"modified":"2025-01-29T01:48:32","modified_gmt":"2025-01-28T20:18:32","slug":"legal-expert-confirms-ripple-sec-case-still-active-despite-website-changes-edited-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/legal-expert-confirms-ripple-sec-case-still-active-despite-website-changes-edited-crypto-news\/","title":{"rendered":"Legal Expert Confirms Ripple SEC Case Still Active Despite Website Changes (edited) – Crypto News"},"content":{"rendered":"

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The Ripple SEC case remains active despite recent changes to its categorization on the SEC\u2019s website. Legal experts have however confirmed that the lawsuit continues in court, despite rumors of its removal from the regulator\u2019s site.\u00a0<\/span><\/p>\n

Ripple SEC Case Still Listed on Official Channels<\/strong><\/h2>\n

Rumors emerged that the SEC had taken down the information about the lawsuit against Ripple Labs from its website. Some pointed out that the case was no longer listed in the \u201cLitigation Releases\u201d, while other crypto-linked cases, including those against Coinbase, remained there.<\/span><\/p>\n

Nevertheless, it is still possible to find the Ripple SEC case file under other sections of the website, including \u201cAward Claims\u201d and \u201cCases on Appeal\u201d. Hogan & Hogan lawyer Jeremy Hogan agreed with this on X (previously Twitter)<\/a>, saying, <\/span><\/p>\n

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\u201cIt could be something within the SEC, but it has no bearing on the lawsuit.\u201d The court doesn\u2019t care what the SEC does on its website.\u201d<\/span><\/p>\n<\/blockquote>\n

The SEC first filed the case in December 2020 and accused Ripple Labs and its executives, namely Brad Garlinghouse and Christian A. Larsen, of conducting $1.3bn unregistered securities sales through XRP, the company\u2019s native cryptocurrency.<\/span><\/p>\n

Ripple SEC Case Status Unaffected in Court<\/strong><\/h2>\n

Despite the changes that have been made on the SEC website, which led to speculations that the case may be dismissed, the case is still on. The case is filed in PACER, the federal court\u2019s electronic filing system and there has been no change in the status of the case.<\/span><\/p>\n

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The recent schedule order from the U.S. Court<\/a> of Appeals has put time limits on the appeal processes in the Ripple SEC case. The matter is that Ripple and its executives are obliged to file their briefs before April 7, 2025; otherwise, the appeals will be denied. As legal commentators have pointed out, this supports the contention that the case continues, regardless of changes to the website.<\/span><\/p>\n

The case has been unpredictable with both the parties having been granted favorable judgments at one time or the other. In a 2023 decision, a judge said that retail sales of XRP by Ripple were not a violation of the securities laws while the institutional sales were. This led to Ripple having to pay $125 million in fines and both parties appealed some of the ruling.<\/span><\/p>\n

Website Changes Spark Debate Over Regulatory Shifts<\/h2>\n

The changes to the SEC website come amid growing discussion among industry participants about what the SEC is likely to focus on under the Trump administration. Several people on social media platforms have opined that by taking Ripple\u2019s case off one part of the SEC website, the SEC might be changing tactics.<\/span><\/p>\n

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\u201dIs Ripple free from the SEC?\u201d an influencer on X posted. When I searched for \u2018Ripple\u2019 in the litigation section, do you know what I found? Nothing! This raised the question as to whether the SEC might be planning on dismissing the case outright.<\/span><\/p>\n

Amid these developments, large cryptocurrency holders, known as whales, have reportedly purchased 120 million XRP<\/a> tokens. The purchases coincided with a statement from a former Ripple executive, who hinted at upcoming positive developments for the Ripple community. <\/span><\/p>\n

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