Vincent Van Code, a prominent cryptocurrency analyst, recently sparked discussions about a potential settlement or withdrawal of the U.S. Securities and Exchange Commission’s (SEC) appeal in its case against Ripple Labs. While he acknowledged the possibility, Van Code warned that a resolution may not happen in the immediate future. His cautious tone urged investors to focus on market momentum for short-term strategies, emphasizing that his insights are not financial advice.
Van Code’s tweet coincided with significant news from KuCoin, one of the largest cryptocurrency exchanges. KuCoin revealed that it had reached a settlement with U.S. authorities, marking a crucial milestone in its regulatory journey. This move underscored the exchange’s commitment to compliance, continuing to serve over 38 million users worldwide. The timing of this development has fueled growing speculation regarding the outcome of other major crypto-related regulatory battles, notably Ripple’s ongoing legal fight with the SEC.
A slight indication of possible #Ripple settlement/withdrawal of appeal soon.
— Vincent Van Code (@vincent_vancode) January 28, 2025
However I wouldn't BET on it short term, it's a great bet longer term but short term best look at momentum if you want to learn.
Not Financial Advice. https://t.co/GSYOGCxFg8
Adding to the uncertainty, the SEC held a closed meeting on January 23, 2025, under its new acting chairman, Mark Uyeda. Although the topics discussed remain confidential, speculation is rife within the crypto community about its implications for Ripple’s case. One X user suggested that decisions made during the meeting might be announced three days later, potentially leading to news on January 26. However, the SEC has not confirmed any connection between the meeting and its litigation against Ripple.
Ripple’s legal saga has become a focal point for regulatory discussions in the crypto space. The SEC accuses Ripple of conducting unregistered securities offerings through XRP sales. While Ripple scored a partial victory in 2023, when a court ruled that XRP is not a security when sold on secondary markets, the SEC appealed the decision, leaving the case unresolved.
The growing regulatory clarity is crucial for the crypto industry. KuCoin’s settlement highlights the importance of compliance in fostering innovation within the U.S. crypto market. For Ripple, a similar resolution could set a landmark precedent, potentially shaping future regulatory approaches for the entire ecosystem.
As analysts like Van Code suggest, the market remains in suspense. Short-term investors may want to monitor market momentum rather than speculate on the timing of any potential settlement.
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.
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