A recent development reveals today that the SEC should abandon the trial against Coinbase, which could be a major victory for the cryptography industry. But is Ripple following? Let’s see what industry experts have to say.
According to the journalist of Fox Business Eleanor Terrett, the procedures in the Ripple case are more complex compared to Coinbase. Indeed, they already have an order of the Torres judge at the district level to pay the penalty of $ 125 million, she noted.
SEC SEC Call to the second circuit?
She noted that Judge Torres will supervise the case until August 7, 2025 to ensure that the penalty is paid. In addition, she also shared that the dry could decide to drop the appeal to the second circuit, but they will always have to understand how to manage the penalty decision before the district court. They could negotiate to reduce or remove the penalty and need the approval of Judge Torres to make it official.
She noted that there was a certain degree of uncertainty in all of this because, as a legal source mentioned to her: “We are in an unexplored territory at the moment.”
Dry to abandon Lawuit against Coinbase
In accordance with a recent update, the American Commission for Securities and Exchange (SEC) should abandon its trial for Coinbase, pending the approval of the agency’s commissioners. If it is finalized, this could be an important legal victory for the cryptocurrency industry and a turning point for future regulations.
According to the legal director of Coinbase, the SEC will soon vote on an agreement to reject the case against. If the vote is adopted, it does not only have a quarrack of legal problems – it could also give an example for other cryptographic companies faced with similar regulatory challenges.
Ripple vs dry to end soon?
Nevertheless, the XRP community believes that the long -standing trial between Ripple and the American Sec can soon be finished. This optimism comes after the SEC has recently shown the opening to taking into account the XRP (ETF) funds. Experts suggest that this change indicates that the trial may no longer be relevant or a major concern.
Recognition of XRP ETF increases hopes
Bloomberg analyst James Seyffart noted that the dry under his previous direction would probably have rejected the ETF XRP application, in particular after having denied a similar for Solana in December. He thinks that this new development slightly improves the chances of FNB approval. In addition, Nate Geraci, co-founder of the ETF Institute, stressed that the recognition of the SEC could have major implications for its current case against Ripple.
Stuart Alderoty, Legal Director -in Ripple, is also waiting for a resolution, referring to the recent recognition of the dry of deposits ETF XRP. Legal sources indicate that the SEC favors cases with pressing deadlines, such as Kraken on March 31, 2025, leaving the Ripple file on the rear seat. However, the Coinbase agreement could trigger a chain reaction.
