SEC Nears Conclusion in Ripple Case as XRP Surges

The U.S. Securities and Exchange Commission (SEC) is reportedly finalizing its case against Ripple, according to "Crypto In America" host Eleanor Terrett. This news has driven XRP’s price up by 3.5%, based on CoinGecko data.

Despite the SEC’s intent to close the case, Ripple is allegedly negotiating for more favorable terms. In August, U.S. District Judge Analisa Torres ruled that Ripple must pay a $125 million fine and barred the company from selling XRP to institutional investors. The SEC later appealed her 2023 decision, which found that XRP sales to retail investors were not unregistered security offerings. Ripple countered with a cross-appeal.

The regulatory environment has shifted since former SEC Chair Gary Gensler’s departure. The agency has softened its stance, dropping cases against major crypto firms like Coinbase and Kraken. Investigations into Uniswap Labs and Robinhood Crypto have also been abandoned.

Ripple argues that it should not face penalties if the SEC itself is uncertain about the company’s alleged violations. With enforcement trends changing, Ripple’s legal battle could end without significant consequences.

Investors are closely watching developments, as a favorable resolution could boost XRP further. As the SEC wraps up one of the crypto industry’s most high-profile cases, the outcome could set a precedent for future regulatory actions.