Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Ripple vs. SEC: The XRP Legal Saga and Market Surge
  • News

Ripple vs. SEC: The XRP Legal Saga and Market Surge

Sean Williams 16 January 2025
US law courts withRipples XRP in the backgroud
  • Ripple remains confident in its legal battle against the SEC, dismissing the agency’s appeal as repetitive and unlikely to succeed under a future pro-innovation administration.
  • Meanwhile, XRP has surged over 31% in the past week, reaching a yearly high of $3.15, with analysts predicting further gains despite market uncertainties.

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken another twist, as the SEC filed an appeal to overturn a previous court ruling that determined XRP was not a security when sold to retail investors. However, Ripple’s leadership remains unfazed, confident that the case will ultimately be dismissed under a more innovation-friendly regulatory framework.

SEC’s Rehashed Arguments

The SEC’s appeal, filed in the U.S. Court of Appeals for the 2nd Circuit, seeks to classify all XRP sales as unregistered securities offerings. Ripple’s Chief Legal Officer, Stuart Alderoty, dismissed the appeal as a “rehash of already failed arguments” and predicted its abandonment under a new administration. On X (formerly Twitter), Alderoty stated, “The SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and Ripple is thriving.”

Ripple CEO Brad Garlinghouse echoed this sentiment, criticizing the SEC’s persistence. “One definition of insanity… Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart,” Garlinghouse remarked.

XRP’s Market Resilience

Despite the ongoing legal drama, Ripple’s XRP token is thriving in the cryptocurrency market. XRP recently saw a 14% surge, reaching a yearly high of over $3.15. This represents a 31% gain over the past week, a remarkable feat given the uncertainty surrounding the SEC case.

XRP isn’t alone in its market rally. Bitcoin once again breached the $100,000 mark, while Ethereum climbed past $3,400. However, XRP’s performance stands out, with analysts suggesting it could reach $4 or higher in the near future.

What’s Next for XRP?

Market analysts attribute XRP’s strong chart performance to a prolonged accumulation period. While some volatility is expected in the short term, the market is poised for potential breakout gains. Speculation about political events, such as Trump’s potential inauguration, has added another layer of intrigue, with rumors suggesting a “sell the news” scenario could impact market dynamics.

Final Thoughts

Ripple’s resilience in the face of regulatory challenges underscores its strength as a company and the potential of XRP as a cryptocurrency. With the SEC’s arguments appearing to lose steam and market confidence in XRP surging, this legal saga may mark the beginning of a more innovation-friendly era in the crypto space. Whether XRP’s price continues its upward trajectory or experiences short-term turbulence, Ripple’s outlook remains optimistic.

Continue Reading

Previous: The Pi Network Open Mainnet Launch: Hype, Hope, and Potential Disappointment
Next: Bitcoin’s $99,000 Surge: New ATH Before Trump’s Swearing-In?

Related Stories

Monero XMR Highlight_simple_compose
  • Analysis

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
shiba inu
  • Analysis

Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally

Jane Kariuki 3 June 2025
dogecoin on marbles
  • Analysis

Dogecoin Under $0.25: Smart Buy or Risky Bet?

Dennis Gatheca 3 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Monero XMR Highlight_simple_compose
  • Analysis

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
shiba inu
  • Analysis

Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally

Jane Kariuki 3 June 2025
dogecoin on marbles
  • Analysis

Dogecoin Under $0.25: Smart Buy or Risky Bet?

Dennis Gatheca 3 June 2025
Litecoin coins
  • Guide

How to Keep Your Litecoin Secure with Simple Safety Tips

Jane Kariuki 3 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok