Reports suggest that the U.S. Securities and Exchange Commission (SEC) is potentially on the verge of settling its legal case against Ripple (XRP). Previously, some believed that the commission deliberately prolonged the litigation process, but now it seems these delays were part of Ripple’s legal team negotiation tactics. In August 2024, the court ruled that Ripple must pay a $125 million fine and cease XRP sales to institutional investors permanently. However, following Gary Gensler’s resignation from the SEC chairmanship, speculations about the cancellation of these penalties have increased. The Ripple lawsuit is considered one of the most significant and controversial legal battles in the crypto world, which under Gensler’s tenure had become a symbol of SEC’s strict policies. With the advent of the Donald Trump administration, many SEC lawsuits have been set aside, but the status of the Ripple case remains uncertain. Cryptocurrency journalist, Ellen Tart, has stated that behind-the-scenes negotiations between Ripple’s legal team and the SEC to reach more favorable terms are ongoing, causing delays in the finalization of the case. The publication of these news has had a positive market reaction, leading to Ripple’s price taking an upward trend with significant fluctuations. However, if negotiations fail, Ripple must submit its official appeal for review by April 16, 2025. Ripple supporters hope that this legal battle will end in favor of the project, although its full impact on the price may take some time. On the real-time digital currency price page, you can view the prices of all tokens and cryptocurrencies live and instantly.
