SEC Removes Ripple Lawsuit from Website, Speculation Grows on Case Status
The SEC's recent removal of references to its lawsuit against Ripple from its website has led to speculation about the status of the case. Key points include:
- The lawsuit remains active on PACER, despite the absence of information on the SEC's site.
- XRP has experienced over a 400% price increase since November, fueled by rumors of a settlement.
- The SEC filed an appeal recently, indicating ongoing proceedings.
- Ripple CEO Brad Garlinghouse has criticized the SEC's approach under former Chair Gary Gensler.
- Legal experts caution that the SEC's website is not an official legal source and the case remains active.
- Industry analysts predict a resolution may be forthcoming as regulatory attitudes shift.
Current price reactions for XRP have been minimal amid these developments.