The post Ripple vs SEC Lawsuit Could Finally Be Ending Soon – Here’s Why appeared first on Coinpedia Fintech News
Ripple (XRP) is back in the spotlight, and this time, the focus is on its long-running legal battle with the U.S. Securities and Exchange Commission (SEC). Investors are eager to see if the SEC will finally drop the case after years of legal back-and-forth.
There’s also speculation that other crypto lawsuits, like those against Coinbase and Binance, could be dismissed. But the SEC seems to be in no rush – and top legal experts think they know why.
Why Is the SEC Delaying?
The SEC’s recent actions suggest its delays are intentional. The agency recently agreed to pause its case against Binance for 60 days, sparking rumors that something bigger is happening behind the scenes.
Pro-XRP lawyer James Murphy, also known as MetaLawMan, believes the SEC is waiting for Paul Atkins to be confirmed as the new SEC Chair before making major decisions. He suggests the agency wants stable leadership in place before potentially dropping these crypto cases.
Once Paul Atkins is officially confirmed, experts believe the SEC could move quickly to dismiss these cases. Murphy predicts his confirmation could happen within 60 days. Meanwhile, the Coinbase lawsuit is another key case to watch, with a February 14 deadline approaching. If Coinbase’s request for an appeal is accepted, the SEC may delay further action until Atkins takes charge.
Lawyers Disagree on the Hold-Up
Not everyone agrees on why the SEC is dragging its feet. XRP lawyer Bill Morgan questioned why the SEC can’t just vote now to dismiss the cases. Murphy argues there’s no real legal barrier—the SEC could act if they wanted to. But former SEC lawyer Marc Fagel points out that dismissing lawsuits requires formal commissioner votes, unlike other decisions that don’t need one. So technically, the SEC can move forward, but they might be choosing to wait for Atkins to avoid any internal conflicts.
XRP Price Analysis
Even with the lawsuit dragging on, crypto analyst EGRAG CRYPTO remains optimistic about XRP’s future. He predicts XRP could reach double digits this cycle and possibly even triple digits in the future.
Using chart patterns like the “cup pattern,” he explains that XRP’s price is following expected trends after a breakout. His analysis suggests an initial price target of around $13, with long-term potential ranging from $32 to $110.
Is An XRP ETF Coming Soon?
Adding to the speculation, rumors are circulating that an XRP exchange-traded fund (ETF) could be approved soon. If true, this would be a strong sign that the Ripple vs. SEC case is nearing its end.
For an XRP ETF to move forward, the SEC would likely need to settle the lawsuit first. Many believe a favorable resolution could push XRP’s price higher, making this a crucial moment for investors.
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Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
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