The long-running Ripple vs. SEC lawsuit could be heading for a major shift as changes in the SEC’s leadership and a softening stance on crypto regulation raise hopes of a potential resolution. With key developments expected in April, experts believe the lawsuit might finally reach a turning point.
SEC’s Changing Approach to Crypto Cases
Pro-XRP lawyer James Murphy, known as MetaLawMan, has pointed out a significant shift in the SEC’s behavior. The agency recently chose not to oppose Coinbase’s motion for an interlocutory appeal—a surprising move given its previously aggressive stance on crypto regulation under Chair Gary Gensler.
SEC Pivots On @Coinbase Case
— MetaLawMan (@MetaLawMan) February 4, 2025
The SEC has not filed any opposition to @Coinbase's motion to proceed with its interlocutory appeal at the 2nd Circuit.
Under Gensler, the SEC did oppose Coinbase's request to certify the interlocutory appeal at the district court level.
Assuming… https://t.co/vOnDGWFsCP
Murphy suggests that if the 2nd Circuit Court accepts Coinbase’s appeal, the SEC might be forced to settle or drop cases involving crypto assets traded on secondary exchanges. This shift, combined with the possibility of a more crypto-friendly administration, has fueled speculation that Ripple’s case could follow a similar path.
Political Factors and the Trump Effect
Following Donald Trump’s election victory, rumors have swirled that the Ripple lawsuit might be dismissed. Trump’s pre-inauguration meeting with Ripple CEO Brad Garlinghouse and Ripple’s political donations have led some to believe that the company is positioning itself for a favorable resolution.
While no formal action has been taken yet, these political ties suggest that Ripple’s toughest legal battles may soon be behind it.
Also Read: Ripple Vs SEC Lawsuit: Expert Clarifies Case Status and Delays in Potential Settlement
Will the SEC Drop Crypto Cases?
The SEC’s leadership transition could be a game-changer. With no Senate-confirmed chair currently in place, a new appointment—expected around March or April—could influence ongoing crypto lawsuits. Murphy has named Paul Atkins as a potential nominee under the Trump administration, describing him as a less controversial choice.
However, SEC Commissioners Hester Peirce and Mark Uyeda currently hold the votes to take action on pending cases, meaning decisions could still move forward before a new chair takes office.
April: A Pivotal Month for Ripple?
Recently, the SEC removed the Ripple lawsuit from its website, sparking speculation about a possible settlement. Attorney Sherrie clarified that the case is now listed under the Court of Appeals, as it has a new case number.
Ripple is set to submit its appeal-related brief by April 16, and attorney Jeremy Hogan predicts that the SEC might drop the case around April or May, aligning with the anticipated leadership change.
As these developments unfold, all eyes will be on the SEC’s next move and whether Ripple can finally put this legal battle behind it.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
