The lengthy legal battle between Ripple Labs and the SEC about blockchain payment technology approaches its end point. The two parties now work together more often to complete a case that began in December 2020.
Eleanor Terrett announced on X that Ripple Labs keeps negotiating because its lawyers want better legal terms. XRP wants better results than what was determined in August 2024 when the court fined the company $125 million for breaking federal securities laws. Through his ruling the judge stopped Ripple from offering XRP to professional buyers.
Ripple defends its position by showing that new SEC leadership may change how they treat digital assets through Mark Uyeda’s leadership. XRP refuses to accept the ruling since accepting it could mean admitting legal problems which they want to prevent.
Ripple Awaits SEC Decision On XRP Legal Status
The SEC needs time to decide if their current rules should restrain XRP from conducting its business. In January the SEC stepped in with their second challenge of XRP’s security status which made discussions between Ripple and SEC more complicated.
If Ripple and the SEC reach an agreement it will greatly impact both organizations plus crypto marketplace operations as a whole. A legal agreement can create future rules about how to define and supervise digital asset regulations.
When Ripple secures a positive result it will make other investors trust digital currencies again helping XRP values stay stable and open doors for big organizations to accept it. States that settlement between XRP and the SEC will likely drive up the value of XRP in the market.
Mark Uyeda has taken charge as acting SEC chairman and suggests a new way to balance rules and regulations. The SEC closed its case against Coinbase while giving regulatory relief to other main crypto platforms including Uniswap, Kraken, and Robinhood.
The SEC established the Crypto Task Force to work on creating definite rules about digital assets trade. The current digital regulation changes support new policy approaches Trump and his White House team proposed at their Bitcoin event and with their strategic Bitcoin reserve creation. Ripple and the SEC’s settlement process influences how digital asset policies will develop inside the United States.
