If you’ve been following Ripple (XRP) and its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), you might have seen some buzz lately. Some investors noticed that Ripple’s lawsuit was missing from the “Litigation Releases” section of the SEC’s website, sparking speculation that the case had been dropped. But is that really the case? Let’s break it down.
Did the SEC Drop the Ripple Lawsuit?
Not quite. While the case no longer appears in one section of the SEC website, it’s still listed under “Award Claims” and “Cases on Appeal.” In other words, the lawsuit is still very much active.
Legal expert Jeremy Hogan weighed in on the situation, saying:
"There may be things going on inside the SEC, but it doesn’t affect the case. The court doesn’t care what the SEC does on its website."
This means that despite the confusion, the case remains in the court system, and the SEC has not withdrawn its claims against Ripple Labs or its executives Brad Garlinghouse and Christian A. Larsen.
What’s Next for Ripple?
The U.S. Court of Appeals recently issued a schedule order, giving Ripple and its executives until April 7, 2025, to file their appeals. If they miss this deadline, the case will proceed without further delays.
Whale Activity and Market Reaction
Interestingly, while all this legal drama is unfolding, major crypto investors (whales) have been accumulating XRP—to the tune of 120 million tokens. This suggests that big players still see potential in Ripple, despite the ongoing uncertainty.
Adding to the speculation, a former Ripple executive recently hinted at possible positive developments for the company, fueling even more optimism among investors.
The Ripple-SEC lawsuit remains a key factor influencing XRP’s market price and future prospects. While the case is far from over, the legal battle hasn’t stopped big investors from betting on Ripple’s success. With the April 2025 deadline approaching, all eyes are on how Ripple will navigate the next phase of this fight.
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