The American encryption industry is going through significant changes, especially since the Securities and Stock Exchange Committee (SEC) under the leadership of the Trump era is taking steps to reject many prominent lawsuits against major encryption companies. However, a single legal battle is still revealed – the ongoing lawsuit between SEC and Ripple (XRP).
While cases that involve companies such as Opensea, Robinhood, UISWAP (UNI), Gemini, Metamask and Coinbase are rejected, the Ripple case remains unleashed.
Meanwhile, President Trump’s recent announcement about the strategic reserves of the American encrypted currency, which includes Bitcoin (BTC), ETHEREUM (ETH), XRP, Solana (Sol), and Cardano (Ada), added fuel to market speculation. Investors now wonder whether the XRP insertion in the reserve may lead to a quick solution to the ongoing case, as many believe that SEC may drop a lawsuit.
What is the following for a ripple lawsuit?
Legal expert Jeremy Hogan recently opened the delay in settling the case of ripples, pointing to a major judicial order in Judge Torres, which prevents Ripple from direct sale to customers. Hogan explained that although there are solutions, Ripple is reluctant to violate a judicial order. Once the court issues such an order, the parties concerned cannot simply agree to ignore it, which makes it a difficult obstacle to overcoming it.
To resolve the irritable order, Ripple will need to seek “relief from judgment” under Article 60 of the federal rules of civil procedures. However, it is not a simple process, and the changes in the encryption regulations by the Supreme Education Council will not automatically get rid of the court’s decision. The court ruling, based on the Howe Test, stands independently from any rule that may change the SEC.
Ripple only has one shot at getting the injunction dissolved with the trial court so it will have to draft a very carefully worded motion. That takes time and the SEC will basically have to sign off on it – more complication.
Once that is agreed to, both parties stip to dismiss…
— Jeremy Hogan (@attorneyjeremy1) March 2, 2025
However, there is a possibility that Ripple can solve this problem, but it requires an accurate legal maneuver. Hogan said that the court will need to exercise the discretionary power, and if both Ripple and SEC agree to request a resolution of the gossip, this may be a strong argument. The Ripple case can be resolved by late April or early May.
