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Coinspeaker
SEC vs Ripple Lawsuit: Will Donald Trump Intervene in Settlement?
The long-going Ripple vs SEC lawsuit is likely to be paused very soon, similar to the recent outcomes in the Coinbase and Binance lawsuits. With the SEC forming a crypto task force under the leadership of Hester Peirce, both parties have been willing to wait for greater clarity and future development. Former SEC enforcement chief John Reed Stark said that he expects the Ripple lawsuit to end soon. Interestingly, US President Donald Trump shared the news on his social media platform Truth Social.
SEC Crackdown in Ripple Lawsuit Coming to an End?
John Reed Stark, a former SEC enforcement chief stated that the US Securities and Exchange Commission is looking to scale back its aggressive stand on cryptocurrency enforcement. Stark believes that the agency might drop its appeal in the Ripple lawsuit and potentially halt all ongoing crypto case.
Stark pointed to several indicators of the SEC’s changing posture, including its softened legal battles against major exchanges like Coinbase and Binance. Furthermore, he also noted the reassignment of a top trial lawyer, and internal shake-ups within the agency. The former SEC chief described the cases against Binance and Coinbase as “done”, predicting that the lawsuits could be dismissed or settled in favor of the crypto firms.
The Ripple lawsuit, a focal point of the SEC’s crackdown, may also see a dramatic reversal. Stark stated that the SEC’s appeal in the matter is likely to be dropped, further diminishing the agency’s ability to enforce crypto regulations through litigation.
Stark’s comments hint at a potential regulatory shift in the US that could favor crypto firms. Also, some major rejigs have already happened at top agencies like the US SEC and US CFTC which hints at probable developments ahead.
Will Donald Trump Intervene in the Final Settlement?
In a surprising development, President Donald Trump has directly shared an article suggesting the imminent conclusion of the SEC’s enforcement action against Ripple (XRP). The move has ignited excitement within the XRP community, often referred to as the “XRP Army”.
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Source: Truth Social
The President’s post has fueled speculation that the long-standing legal dispute between Ripple and the SEC may be nearing its end. Enthusiasts have expressed optimism about Ripple’s prospects and the potential for XRP to regain significant momentum in the market.
Following Donald Trump’s victory, XRP price saw a massive run-up moving past $3. Currently, XRP
XRP
$2.61
24h volatility:
1.5%
Market cap:
$150.54 B
Vol. 24h:
$4.53 B
is trading at $2.56 waiting for the next major catalyst to rally ahead.
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SEC vs Ripple Lawsuit: Will Donald Trump Intervene in Settlement?
