The first major indication that the SEC may soon stop the Ripple lawsuit

The XRP community has discovered major indications that a four-year lawsuit between Ripple and the US SEC could soon be over.

This new confidence emerges in the expression of the SEC’s recent preparations to consider the XRP ETF, with experts suggesting that the Ripple lawsuit no longer retains weight.

Ripple SEC Case Lose Weight Under New Leadership

For context, the Ripple lawsuit first ended in August 2024 after a final decision from Judge Analisa Torres, including a fine for Ripple’s violation. However, the SEC resurrected the case with a notice of appeal several months later.

The matter has progressed since then, with the SEC submitting its opening brief earlier this year. Meanwhile, Ripple is preparing to submit its own cross-appeal brief in the case with its April deadline.

In particular, the appeal was launched under former SEC leadership with former chairman Gary Gensler. Since departing in January, Code-friendly Chair Mark Ueda has been acting as the interim head.

During the short period of tenure, uyeda has had numerous parents who did not exist under previous administrations, including deliberate efforts to provide clear rules for cryptographic regulations by establishing a cryptographic task force. We promoted crypto development.

Recent developments show that the SEC could end the ripple case

A recent development that has a more direct impact on XRP is the SEC’s perception of Grayscale’s applications for XRP ETFs.

Specifically, on Thursday, the SEC granted NYSE applications to list Grayscale’s XRP ETFs. This is the first step in the approval process.

This recognition is important as it suggests that the SEC can consider XRP ETFs rather than completely reject them.

The move contrasts with the SEC’s previous stance on Solana, rejecting applications for the Solana Spot ETF. SEC checks applications that take up to 240 days to process.

Bloomberg analyst James Safert Discussed Previous SEC leadership rejected the XRP ETF application and cited the agency’s rejection of a similar application for Solana in December. He added that the movement will increase slightly. The possibility of already favorable approval of the ETF.

This essentially highlights the changing environment under the new SEC leadership. In parallel, Nate Geraci, co-founder of the ETF Institute; Expression That approval could be a major statement regarding the ongoing case of the SEC against Ripple.

In the follow-up commentary, Gerasi expressed surprise that more people have not discussed the SEC’s approval of XRP ETF submissions, particularly considering the ongoing lawsuits at Ripple.

He noted that the SEC may have easily refused the filing, but instead chose to accept it.

“It sends a huge message in my opinion.” Gercia said.

I was shocked that more people weren’t talking about accepting XRP ETF submissions…

They file an open lawsuit with ripples.

On the other hand, they only allowed the submission of ETFs holding assets in the dispute (they may have easily refused this submission).

A huge message IMO.

– Nate Geraci (@nategeraci) February 14, 2025

The road to the potential end of ripple lawsuits

In particular, the sentiment of new SEC leadership You can quickly remove the ripple case It has gained traction in the community and is further driven by the latest developments.

Initially, commentators were inspired by the regulator’s decision to suspend lawsuits against Vinance. They argue that similar movements could extend to Ripple cases.

Already, Ripple’s Chief Legal Officer Stuart Aldeloty, predicts that the new SEC leadership will withdraw the ongoing appeal. But some have suggested that they need a substantial chairman to begin the move. Currently appointed SEC Chairman Paul Atkins is waiting for confirmation from the Senate.