The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) still continues to draw the attention of Americans as well as the rest of the world. With some major updates that have happened in recent times, its hard to keep track of what’s happening.
Today, the SEC has reassigned its chief litigation counsel, Jorge Tenreiro, to a new role in the agency’s Information Technology (IT) division. He has played a pivotal role in the lawsuits against Ripple and Coinbase. This movement affirms the theory that the SEC is changing its approach toward cryptocurrency regulation.
The 47th president, Donald Trump, has appointed Mark Uyeda as acting SEC chair. Prior to him, Gary Gensler was the SEC chair, and he was hated by the crypto community for his strict adherence to policies. However, the new chair, Uyeda, supports Trump’s pro-crypto agenda.
He has established a task force led by Commissioner Hester Peirce. She is known for her pro-crypto views to develop a comprehensive regulatory framework for digital assets.
The case of Ripple has been moved from the agency’s website, giving rise to speculation that the legal battle may be nearing its end. However, it has not been completely removed and has just been moved to the ‘Court of Appeals’ section.
This indicates the resolution is still far from over, as the SEC still wants to carry on the fight no matter what. The legal proceedings are still ongoing, with Ripple seeking more time to respond, despite a partial victory in 2023.
Ripple defends its stance, claiming that XRP is not a security. They claim that the business has not participated in any fraudulent operations. Ripple requested an April 16, 2025, deadline to respond to the SEC’s appeal, which challenges a court ruling that some XRP sales are not securities.
In this battle, legal expert and pro-XRP advocate John Deato has suggested that SEC’s appeal lacks strength. Despite the SEC’s dissatisfaction with the court’s decision, especially with over 75,000 XRP holders backing Ripple, Deaton believes the appeal is weak.
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