XRP Lawsuit News: Can Acting SEC Chair Mark Uyeda Drop the Ripple Case?

The post XRP Lawsuit News: Can Acting SEC Chair Mark Uyeda Drop the Ripple Case? appeared first on Coinpedia Fintech News

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.

One factor intensifying speculation is the revelation that Ripple’s CEO, Brad Garlinghouse, has had direct discussions with President Donald Trump regarding XRP as a potential U.S. national digital asset reserve. While the idea of XRP becoming a national reserve asset remains uncertain, the fact that such discussions are happening is seen as a major development. 

The recent removal of the Ripple case from the SEC’s website is also being widely discussed. While this move has sparked rumors about an imminent settlement, experts warn against reading too much into it.

Sherrie, a well-known expert in the XRP community, said that the SEC didn’t move the case; it’s actually been concluded and is now listed under Award Claims. Once the case was appealed, it received a new case number and can be found on the Court of Appeals website.

When a user enquired about why acting Chairman Mark Uyeda has not yet dropped the case, she explained that it would be unusual for an acting SEC Chair to drop a high-profile case like Ripple’s. Normally, these big cases are handled by the official Chairman

“It would be unusual for an Acting Chair to take such a liberty as to drop a high profile case such as Ripple’s. Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April,” she wrote.