🔍 SEC may soon close the Ripple lawsuit after more than 4 years ⚖️

🕒 14 hours ago | Mr-Quit123

The U.S. Securities and Exchange Commission (SEC) may be nearing the end of its more than 4-year lawsuit against Ripple Labs, marking a significant turning point in this high-profile legal battle.

📌 Latest developments

According to Fox Business journalist Eleanor Terrett, the SEC - Ripple lawsuit is approaching its conclusion. Both parties have filed appeals and cross-appeals related to the $125 million ruling from August 2024.

🚨 The lawsuit began in December 2020 when the SEC accused Ripple and its leaders of using XRP as an unregistered security to raise funds.

💬 Stuart Alderoty, Ripple’s General Counsel, stated:

“We have had a ruling and are in the process of appealing. However, we are optimistic that a settlement with the SEC can be reached. If not, Ripple will continue to pursue the appeal.”

⚡ Possible scenarios

✔️ If both parties agree to withdraw their appeals, Ripple will have to accept a $125 million penalty.

✔️ If a settlement is not reached, the lawsuit will extend further with unpredictable developments.

🏛️ Political impact & SEC's stance

This lawsuit occurs in a politically shifting context. Under the new administration, the SEC has withdrawn lawsuits against Coinbase, Kraken, and Consensys. Ripple has also taken strong political actions by funding tens of millions of dollars for campaigns related to former President Trump.

📢 Despite many questions regarding the connection between politics and the lawsuits, Alderoty affirmed:

“SEC makes independent decisions, not influenced by political contributions.”