March 12 Eleanor Terrett, Fox Business journalist, saidUndulating the housing against the dry was “final”. This statement follows the dismissal and countermeasures filed by two parties concerning a judgment of $ 125 million in August 2024.
We remind you that SEC filed legal steps against Ripple in December 2020 and accused the company of using XRP as an unregistered title to raise funds.
- According to a journalist from Fox Business, the dispute between ripping and Sucha seemed to be coming to an end.
- The result of this case could significantly transform the regulatory landscape of cryptocurrencies in the United States.
Ripple vs Dry: The matter that ends?
It seems that the words of Terret will find their echo with the Ripple Legal Director. Indeed, according to Stuart Alderota“The case is“ much more advanced ”than other similar cases that have left dry from the inauguration of Donald Trump. Since January of January, SEC has announced that it will not continue its events against Coinbase, Consensy, Kraken and others.
Alderota remains optimistic about dry resolution, but if there is no agreement, Ripple will continue the call.
Possible scenarios for ripple
If Ripple and Dry decide to end their dispute, several scenarios are possible after Terrett:
- Leaving the call and countermeasures : If both parties left their relevant appeal, a judgment of $ 125 million would be maintained.
- Negotiations on the amount : If disagreement persists to quantity, ripple and dry, they could ask for a change of judgment.
This case meant a cryptov grounds when a judge Analisa Torres decided that XRP It was not a financial title under the jurisdiction of Suchý, but only for program sales on stock exchanges.
Although SEC intensified its actions led by Gary Gensler, Trump’s administration recently changed its tone. Leaving Peopleler and appointment Paul Atkins at the head of a dry could affect the way the Commission deals with the cases associated with cryptocurrencies.
The end of the ripple against the dry affair could be immediate, but the end result remains uncertain. While SEC has already left several similar cases, Ripple hope for a favorable solution. Whatever it is, this case will continue to form a regulatory environment of cryptocurrencies in the United States.