#SECGuidance The news about the Ripple vs. SEC battle seems to be outdated. According to recent updates, the SEC has actually dropped its lawsuit against Ripple, concluding a four-year legal battle. This development confirms that XRP is not considered a security under current law.
Here's what's new in the Ripple vs. SEC case ¹:
- *SEC Drops Lawsuit*: The SEC has officially dropped its appeal against Ripple, marking a significant victory for the company and the broader cryptocurrency industry.
- *XRP Not a Security*: The court's prior rulings, which determined XRP is not a security, are now established legal precedents.
- *Future Implications*: This decision sets a precedent for regulatory frameworks in the US and may influence future crypto regulations.
However, there is some confusion due to a scheduled court date on April 16, 2025, which might be related to ongoing proceedings or appeals. Some speculate about the potential outcome, but given the recent news of the SEC dropping the lawsuit, the situation seems to be leaning in Ripple's favor ².
Given the complexity and evolving nature of crypto regulations, staying updated on the latest developments is crucial for understanding the Ripple vs. SEC case's implications on XRP and the broader cryptocurrency market.