The heated lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) has suddenly disappeared from the SEC website.
The case that started in December 2020 has no remaining references on the SEC website. This has led the crypto community to believe that after the Trump Administration and the new SEC leadership came into effect, the controversial war between Ripple and the SEC has officially been dropped.
Ripple’s case has been an important one, especially in shaping regulatory discourse around cryptocurrencies.
BOOOOOOOOOOOOOOOOOOOM!!!!
Ripple and the civil actions against it have been deleted from the SEC’s website! #XRP pic.twitter.com/5SJ15t32CZ
— JackTheRippler ©️ (@RippleXrpie) January 28, 2025
Case Remains Active In Federal Court
The lawsuit accused Ripple of selling XRP as an unregistered security. Over the years, it has become a landmark case for the crypto industry. Ripple CEO Brad Garlinghouse has been vocal about his criticisms of the SEC’s handling of the lawsuit, particularly under former Chair Gary Gensler.
One definition of insanity….
Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart. https://t.co/giV8GiW6qV
— Brad Garlinghouse (@bgarlinghouse) January 16, 2025
Now, the SEC has quietly removed all references to its high-profile lawsuit against Ripple Labs from its official website.
As of January 29, 2025, users searching for information about the Ripple lawsuit on the SEC’s litigation section found no results.
However, other cases involving major crypto players like Kraken and Coinbase remain listed on the SEC’s website, making Ripple’s absence particularly conspicuous.
Importantly, the Ripple lawsuit is still listed in PACER (Public Access to Court Electronic Records), a federal court system database that tracks ongoing cases.
While the Ripple case remains active in federal court, this unexpected move has raised questions about the SEC’s stance on crypto.
Netizens are also questioning the potential implications for Ripple’s native token, XRP.
Currently, XRP is up by 1.08% at $3.09.
Explore: Ripple Reclaims 3rd Place As XRP Price Slams Highest Price in Half a Decade
Beyond Bitcoin, Ripple CEO Supports A Diversified US Crypto Reserve
Garlinghouse recently called for the US to adopt a diversified approach to its crypto reserves.
“If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else),” said Garlinghouse in a post on X on 27 January 2025.
Moving beyond Bitcoin, Garlinghouse insisted that the broader range of digital assets should be considered for the US financial strategy. To justify this, he wrote, “I own XRP, BTC, and ETH among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field, instead of one token versus another.”
Explore: Beyond Bitcoin, Ripple CEO Supports A Diversified US Crypto Reserve
The post Ripple Lawsuit Suddenly Disappears From SEC Website: Will XRP Rally? appeared first on 99Bitcoins.
