Over the last 24 hours, the crypto community has been flooded with rumors of a possible withdrawal of the Ripple vs. SEC lawsuit. The trend was fueled by several discussions surrounding the topic among key industry figures.
Yesterday, January 28, Ripple had its XRP Community Day 2025 on X Space where over 60,000 members tuned in. The space had Brad Garlinghouse and Stuart Alderoty giving several updates and addressing key issues including the legal battle with the SEC. It was on this basis that the topic began to gain traction.
Alderoty Predicts a Withdrawal in 2025
Stuart Alderoty, the chief legal officer at Ripple, said that he believes that the SEC, under the leadership of Paul Atkins (once confirmed by the Senate) would put a decisive end to the case. He expressed his hopes that the SEC would dismiss all pending non-fraud-related cases which the Ripple lawsuit falls under.
Also Read: XRP Lawsuit Over? Here is What Happened
Note that the SEC is currently challenging the ruling that the programmatic sales of XRP do not constitute securities and not allegations of defrauding investors. Ripple has also filed its appeal notice, seeking clarity on the requirements of an investment contract.
Speaking on the issue, Alderoty emphasized that enacting stringent policies, and regulations by enforcement, is not the right direction the country should be going, adding that he is hopeful that the case will be dismissed this year.
“I believe the new SEC understands that, and I remain cautiously optimistic that at some point during 2025, the case will be voluntarily withdrawn,” he said.
Moreover, Alderoty stressed that the new Trump administration has been “nothing but upside” for Ripple based on several pro-crypto movements that have been seen since his inauguration.
Alderoty pointed out that the country now has a pro-crypto congress and a crypto advocate president and he is hopeful that clear legislation would be seen by the end of the year.
Edo Farina, another member of the XRP community also speculated in a tweet that the lawsuit is approaching conclusion. Even though he failed to give details or show proof, his comment added to the growing conception of a potential withdrawal.
Rumors the SEC lawsuit v. @Ripple is about to end VERY soon
— EDO FARINA 🅧 XRP (@edward_farina) January 28, 2025
A Slight Indication of Possible Settlement
Meanwhile, another discussion on X supported the trend. Vincent Van Code, a prominent crypto analyst, speculated that there is an indication of a possible settlement or withdrawal in the Ripple vs. SEC lawsuit soon.
His comment stems from a tweet by a community member, Chad, who cited the recent settlement in the Kucoin vs. SEC case. To this, Chad wrote “SEC Settlements start rolling out… Here we go.”
Responding to this, Van Code stressed that a settlement in the Ripple lawsuit is very likely, however, he wouldn’t hope for it in the short term, but, he believes it will happen later.
“A slight indication of possible Ripple settlement/withdrawal of appeal soon. However I wouldn’t BET on it short term, it’s a great bet longer term,” he said.
He advised investors to focus on short-term market momentum as a strategy while cautioning that his opinion is not financial advice.
Source: Vincent Van Code/X
The growing speculation surrounding a potential withdrawal of the Ripple vs. SEC lawsuit has ignited widespread discussions within the crypto community. While industry experts and legal analysts suggest a possible resolution in 2025, investors are urged to remain cautious and focus on market fundamentals amid ongoing uncertainty.
Also Read: Big Win for XRP: Ripple Scores Major U.S. Payment Licenses, Details
