SEC’s enforcement case against Ripple may be wrapping up
1
0
The case was reportedly “in the process of wrapping up,” but the final outcome could still result in a monetary judgment.
The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.
According to a March 12 X post from Fox Business reporter Eleanor Terrett, the SEC’s case against Ripple was “in the process of wrapping up” after the parties filed an appeal and cross-appeal, respectively, over a $125-million court judgment in August 2024. The civil case against the blockchain firm filed in December 2020 alleged Ripple and certain executives used XRP (XRP) as an unregistered security to raise funds.
Ripple chief legal officer Stuart Alderoty told Cointelegraph on March 11 that the SEC civil case was “far more advanced” than many of the others the regulator had dropped following the inauguration of US President Donald Trump and the departure of Chair Gary Gensler. Since January, the SEC has announced it will not pursue enforcement cases against Coinbase, Consensys, Kraken and others.
1
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
