The Ripple vs. SEC case is at a critical stage, and the XRP community is growing impatient. With other crypto lawsuits settling, many expected Ripple’s battle to wrap up by now. But unlike those cases, the SEC isn’t backing down. Is the agency waiting for new leadership to step in and make the call? Or is Ripple holding out for a better deal?
Let’s break it down.
Why Is the Ripple v SEC Case Dragging On?
Journalist Eleanor Terrett reports that a settlement is approaching, but key issues remain. Ripple’s legal team is pushing for better terms, particularly regarding the $125 million fine and an injunction that blocks XRP sales to institutional investors. Their argument is simple—if other crypto firms are getting a fresh start under new regulations, why should Ripple still face penalties?
One major concern is that accepting the court’s ruling could be seen as admitting guilt. Even the SEC now seems unsure whether Ripple actually broke any laws. Since there’s no clear legal precedent for this case, negotiations are taking longer than expected.
A Private Deal in the Works?
Attorney Jeremy Hogan responded to Terrett’s report, suggesting that if a settlement is close, both sides are likely working on a private agreement. This would mean Ripple and the SEC drop their appeals and keep the settlement off the court’s official records.
However, one major hurdle remains—the injunction preventing Ripple from selling XRP to institutional investors. Hogan doubts the SEC would openly ignore a court order but suggests they might allow Ripple to legally register its XRP sales instead. This would give Ripple the clarity it needs while letting the SEC uphold the ruling.
Is the Delay Caused By Ripple?
Legal expert MetaLawMan offers another theory, suggesting Ripple itself may be slowing down the process. He believes the company could be negotiating to remove parts of Judge Torres’s ruling, specifically the securities law violation and the injunction. If Ripple is planning an IPO or future securities offerings, lifting these restrictions would be crucial.
The SEC may be ready to settle quickly by accepting the $125 million fine and moving on. But if Ripple is pushing for better terms, that could be causing the delay.
What’s Next?
A settlement could be finalized in the coming weeks. The key question now is whether Ripple can secure a deal that clears its path for the future or if it will have to accept the existing court ruling. Whatever happens next will have a lasting impact, not just on Ripple but on the broader crypto industry.
