On March 19, he will definitely be included in the history of the history of the cryptor. On this day, the Securities and Exchange Commission (SEC) abandoned claims to Ripple. The trial between the regulator and the crypto project lasted five years.
The fact that the SEC decision has affected the appeal in the case against Ripple and how it will affect the crypto industry, says Digital & Anaalogue Partners, Yuri Brisov.
Context
SEC sued Ripple and project managers back in 2020. The regulator accused the platform of attracting $ 1.3 billion through an offer of unregistered securities in the form of XRP token.
In 2023, the judge of the Southern District of New York Analysses Torres made a significant decision in the SEC and Ripple case. She decided that sales of XRP on exchanges in retail investors are not operations with securities. However, the direct sales of token to the institutional investors Torres recognized as an unregistered offer of securities.
Both parties agreed with the judge’s decision. The court ordered Ripple to pay a fine of $ 125 million. SEC required $ 2 billion from the project.
In October 2024, the regulator under the leadership of Gary Gensler appealed to the resolution of Torres regarding the sales of XRP to retail investors. On March 19, 2025, the commission refused all claims to Ripple.
Why SEC revoked an appeal against Ripple
Yuri Brisov identified several factors that determined the SEC decision to abandon the appeal. The first of them is the parish of the Donald Trump administration and changes in the leadership of the commission.
Earlier, the SEC has already withdrawn claims against Coinbase, Robinhood, Uniswap and many others. Read more about this in a separate material.
According to Brisov, a detailed analysis of the judge Torres also created a “strong legal case”, which would be difficult to challenge in an appeal. Our interlocutor is confident that this case will someday be included in the textbooks on digital law.
As the outcome of the SEC and Ripple proceedings will affect cryptocurrency
Against the background of the news that the commission has been appealing to the Ripple case, XRP token has updated the maximum of 2018. The price of cryptocurrency reached $ 3.2, and capitalization broke through a record level of $ 188.4 billion.
According to him, the outcome of the Ripple and SEC case also sets more clear and understandable boundaries of which cryptocurrencies can be classified as securities. The expert is sure that this will contribute to the development of the market and innovation.
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Source: Cryptocurrency
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