The prolonged legal confrontation between Ripple and the U.S. Securities and Exchange Commission (SEC) has been one of the most pivotal cases in crypto regulation. The SEC alleges Ripple raised $1.3 billion through XRP sales, violating securities laws.
However, the case, which has stretched beyond four years, maybe approaching a resolution soon due to recent developments within the regulatory framework and shifting legal strategies.
Regulatory Shifts and Strategic Delays Could Lead to Resolution
In a recent update, Both Binance and the SEC made a joint move to pause their legal dispute for sixty days. The formation of the new Crypto Task Force was cited as the reason behind this cooperative request between Binance and the SEC to delay ongoing litigation.
However, MetaLawMan, a prominent lawyer, argued on X, that this 60-day delay indicates a potential change in SEC methodologies that could impact all crypto-related court cases, such as the dispute between Ripple and the SEC.
Also Read: Here is When XRP Could Hit $100, Expert Reveals
Consequently, members of the XRP community are beginning to speculate that a similar stay situation might be expected soon in the Ripple lawsuit.
MetaLawMan opines that it appears possible that the Crypto Task Force leader Hester Peirce and SEC Acting Chair Mark Uyeda are working together to stall enforcement procedures until the Senate confirms Paul Atkins as the permanent SEC Chair, and Upon confirmation, Atkins could reassess current SEC cases, including the Ripple lawsuit for dismissal.
MetaLawMan also suggested that if the 2nd Circuit accepts the case for interlocutory appeal, the SEC may not have to take any position on the merits of the appeal before Paul Atkins is sworn in.
This could mean a delay in any major SEC actions, influencing the Ripple case’s timeline and potential resolution. The Binance litigation pause, according to Ashley PROSPER, hints at an imminent conclusion for Ripple’s lawsuit.
Political Roadblocks Impacting SEC’s Direction
While speculation grows regarding Atkins’ influence on crypto regulation, his confirmation remains stalled in the U.S. Senate. Despite expectations of a swift process, he is behind several other pending nominations.
Mayo, an XRP community member, raised concerns about delays in the Senate hearings, highlighting how this backlog could impact Ripple’s case timeline.
SEC’s recent actions indicate that they may request a lawsuit stay for Ripple, which could enable both settlement negotiations and complete dismissal of the case. The case situation remains uncertain because its outcome depends on current regulatory transformations and political developments.
As the crypto community closely follows these developments, the possibility of a favorable outcome for Ripple appears more likely. If Atkins secures the SEC Chair position and the agency re-evaluates its enforcement strategy, Ripple may soon see the conclusion of its prolonged legal battle.
Also Read: Here are the Latest Arguments in the Ripple vs SEC Lawsuit that Shook the XRP Community
