- The SEC withdrew its lawsuit against Coinbase, signaling a shift in crypto enforcement.
- Ripple’s case remains open due to legal complexities and a $125 million penalty.
- Experts predict the case could end by May, but delays remain possible.
The U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against Coinbase. This decision aligns with its new approach under acting Chair Mark Uyeda. Crypto community members consider it a positive development that leads to more balanced regulatory practices.
Ripple’s case waits for official resolution from the SEC. Legal proceedings against Ripple began in December 2020. According to Fox Business reporter Eleanor Terrett, the legal challenges are responsible for the prolonged delay in the case.
Ripple’s Case Faces Legal Barriers
Unlike Coinbase, Ripple already received a court ruling. Judge Analisa Torres ordered Ripple to pay a $125 million penalty. This ruling adds extra legal steps before the case can be resolved.
Judge Torres will oversee the case until August 7, 2025. This ensures Ripple follows the penalty terms. Even if the SEC drops its appeal, it must address the penalty in district court.
The SEC may negotiate a penalty reduction. It could also seek to dismiss the fine. However, Judge Torres must approve any decision before it takes effect.
Could a Settlement End the Ripple Case?
Some believe a settlement could end the case quickly. Crypto trader Jesse suggested the SEC should settle if it wants fairer crypto rules. However, legal experts think a fast resolution is unlikely.
Terrett confirmed a settlement is possible but complicated. The court ruling makes it harder than Coinbase’s case. The SEC cannot drop the case without addressing the penalty.
Attorney Jeremy Hogan compared the situation to relationships. He said Coinbase’s case was like a short-term relationship. Meanwhile, Ripple’s case is like a long-term one with deeper commitments.
How Long Will the Ripple Case Last?
A crypto follower asked Hogan how long the case might take. Hogan estimated it could end between April and May. However, unexpected developments could cause delays.
The SEC’s actions show a shift in its approach to crypto regulation. It recently froze its case against Binance. It also withdrew an appeal involving DeFi protocols.
Many investors hope for a resolution soon. A final decision would bring clarity to Ripple’s case. It could also impact future crypto regulations.
