Ripple Vs SEC Lawsuit Apparently Dropped, But Developers Are Still Not Sure

In a surprising development, the SEC has apparently dropped its lawsuit against Ripple without announcement. The Commission removed references to the case from its website, but other crypto lawsuits are still visible.

The Securities and Exchange Commission (SEC) has apparently dropped its lawsuit against Ripple without making an official announcement, according to recent reports. The Commission's website no longer includes any references to the case, while other crypto lawsuits remain visible.

However, at least one attorney has stated that the lawsuit is still listed on more restricted/official channels, and this may or may not change.

The Ripple vs SEC case has been a major talking point in the crypto industry since it was first filed four years ago. Rumors of a settlement between the two parties have fueled significant price increases in Ripple's XRP token.

Following President Trump's election victory in November, XRP surged by over 400% in anticipation that the lawsuit would be dropped under the new administration. Recently, the SEC filed an appeal against Ripple, indicating that the case could continue for an extended period.

However, on Monday, social media users noticed that the SEC's website no longer contains any references to the lawsuit.

“Is Ripple Free from the SEC? Searched for 'Ripple' in the SEC's litigation section and… No results! Did the legal battle just end? Is this the final chapter of XRP vs SEC? If true, this could be a historic moment for XRP,” influencer John X (formerly known as X) stated on Monday regarding the XRP vs SEC case.

If confirmed, this would be a significant development for the crypto industry, marking a shift in federal regulators' stance on crypto since Trump took office.

Recently, Ripple CEO Brad Garlinghouse mocked former SEC Chair Gary Gensler for dragging out this case, and perhaps this view was vindicated with the case being dropped by the new SEC.

Other commentators have pointed out that other lawsuits, such as the ones against Kraken and Coinbase, are still listed on the website, but the status of the Ripple case is still unclear to the public.

For instance, one attorney disputed the significance of the listing based on his own behind-the-scenes access:

“The SEC website does not matter. The appeal is still open in the Court's nationwide PACER system. I just logged in. The last entry is Ripple's request for a time extension to file its Brief. The case status is still active,” he stated.

Nevertheless, he acknowledged that this state of affairs may change soon.

This SEC rumor is very recent, and it has not yet had a noticeable impact on the price of Ripple's XRP token.

Most industry experts believe it's only a matter of time before this lawsuit is officially declared null and void, given the shift in financial regulators and the expectation that the SEC and other US regulators will tone down their anti-crypto enforcement efforts.