{"id":837282,"date":"2025-03-28T08:11:50","date_gmt":"2025-03-28T13:11:50","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/28\/xrp-lawsuit-news-sec-officially-dismisses-lawsuit-against-kraken-omits-ripple-case\/"},"modified":"2025-03-28T08:11:50","modified_gmt":"2025-03-28T13:11:50","slug":"xrp-lawsuit-news-sec-officially-dismisses-lawsuit-against-kraken-omits-ripple-case","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/28\/xrp-lawsuit-news-sec-officially-dismisses-lawsuit-against-kraken-omits-ripple-case\/","title":{"rendered":"XRP Lawsuit News: SEC Officially Dismisses Lawsuit Against Kraken, Omits Ripple Case"},"content":{"rendered":"
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After years of legal battles and mounting tension, the U.S. Securities and Exchange Commission (SEC) has officially decided to drop its appeal against Ripple<\/a>. Ripple, which faced accusations from the SEC regarding its sale of XRP tokens, has now emerged victorious, as the judge ruled in favor of Ripple multiple times.\u00a0<\/p>\n

Even after the resignation of former chairman Gary Gensler, the SEC\u2019s decision to appeal earlier this year in January frustrated many, including Ripple. However, with the dismissal of the appeal, the legal uncertainty surrounding Ripple has now officially ended<\/a>.\u00a0<\/p>\n

Following the dismissal of the appeal, excitement surged in the crypto market, with XRP\u2019s value experiencing a notable uptick<\/a>. Despite this positive development for Ripple, enthusiasts are still awaiting a formal confirmation from the SEC.<\/p>\n

As of March 28, 2025, the SEC has officially announced the dismissal of litigation against several other companies, including Kraken, ConsenSys, and Cumberland, but has not yet made a statement on the Ripple case. According to Journalist Eleanor Terrett, the SEC\u2019s current focus is on addressing the procedural requirements for lifting the standard injunction imposed by Judge Torres, which has delayed the official end to the case.<\/p>\n

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No @Ripple<\/a> here but I\u2019m not entirely surprised because, again, it is slightly different to these other cases in that (as @s_alderoty<\/a> mentioned in his post) the SEC now has to go to the Southern District and ask Judge Torres to lift the standard injunction. Once that is done, they\u2026 https:\/\/t.co\/KVjCsR6l2V<\/a><\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) March 27, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Attorney Fred Rispoli said that with the recent announcements, the paperwork for lifting the injunction is already being prepared. A vote by the SEC Commission is expected in less than 30 days. Once that happens, Ripple will not oppose the motion to lift the injunction, and Judge Torres will likely sign off on it. All of this means that within 60 days, Ripple\u2019s legal battles with the SEC could be fully and formally resolved.<\/p>\n

For now, the crypto community remains on edge, awaiting the final formalities to conclude.\u00a0<\/p>\n

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Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

FAQs<\/h2>\n
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Why did the SEC drop its appeal against Ripple?<\/strong><\/strong><\/p>\n

The SEC dropped its appeal after multiple court rulings favored Ripple, ending years of legal battles over XRP\u2019s sale.<\/p>\n<\/div>\n

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When will Ripple\u2019s legal case with the SEC be fully resolved?<\/strong><\/strong><\/p>\n

Ripple\u2019s case is expected to be fully resolved within 60 days as procedural steps to lift the injunction are underway.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n \ufeffAnjali Belgaumkar<\/p>\n","protected":false},"excerpt":{"rendered":"

After years of legal battles and mounting tension, the U.S. Securities and Exchange Commission (SEC) has officially decided to drop its appeal against Ripple. Ripple, which faced accusations from the SEC regarding its sale of XRP tokens, has now emerged victorious, as the judge ruled in favor of Ripple multiple times.\u00a0 Even after the resignation<\/p>\n","protected":false},"author":1,"featured_media":837283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[318,1393],"tags":[],"class_list":{"0":"post-837282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-lawsuit","8":"category-officially"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/837282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=837282"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/837282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/837283"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=837282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=837282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=837282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}