SEC agrees to dismiss the lawsuit against Coinbase, what about Ripple (XRP)? In a recent development, Coinbase and the U.S. Securities and Exchange Commission (SEC) have reached a "principled" agreement to dismiss the lawsuit that the SEC filed against Coinbase.
Although the agreement still needs to be approved by SEC commissioners, the move could be confirmed as early as next week.
This development has raised hopes in the cryptocurrency community that the SEC may soon end the long-running lawsuit against Ripple (XRP).
Ripple's legal team recently requested an extension until April 16, 2025, to submit their response brief after the SEC sought to overturn aspects of a previous ruling regarding the sale of XRP to retail investors.
So far, it remains unclear how this case will unfold, with legal sources indicating that the SEC is currently focusing on cases with upcoming court deadlines. This is why there is no request for a stay in the ongoing litigation involving Ripple and the Kraken exchange. Ripple's next court deadline is set for April 16, while Kraken's is March 31, 2025.
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