Big news hitting the crypto world today: it looks like the SEC might drop its lawsuit against Coinbase! This could be huge for the crypto industry, but the big question is, what does this mean for Ripple? Let’s dive into what the experts are saying.

According to Eleanor Terrett, a reporter for Fox Business, the Ripple situation is a bit more tangled than Coinbase. She points out that Ripple already has a district court order from Judge Torres to pay a hefty $125 million penalty.

Will SEC Drop Appeal At Second Circuit?

Terrett also mentioned that Judge Torres will keep an eye on the case until August 7, 2025, primarily to make sure that penalty gets paid. Furthermore, she suggested the SEC might just drop their Second Circuit appeal. However, they’d still have to deal with that penalty ruling from the district court. One option could be negotiating to lower or even get rid of the penalty, but Judge Torres would have to sign off on any changes for them to be official.

Terrett highlights that things are still pretty uncertain right now. As one legal source told her, “We are in uncharted territory right now.”

SEC To Drop Lawuit Against Coinbase

Breaking update! It looks like the U.S. Securities and Exchange Commission (SEC) is gearing up to drop their lawsuit against Coinbase. This is still pending approval from the SEC commissioners, but if it goes through, it would be a massive legal victory for the crypto industry and could signal a real shift in how regulations are approached going forward.

Coinbase’s Chief Legal Officer has indicated that the SEC is prepping to vote on an agreement to actually dismiss the case. If this vote passes, it won’t just get Coinbase out of hot water; it could also set a precedent for other crypto companies facing similar regulatory hurdles.

Ripple vs SEC To End Soon?

Meanwhile, the XRP community is feeling hopeful that the long-running legal battle between Ripple and the SEC might finally be nearing its end. This optimism is fueled by the SEC recently showing they’re open to considering XRP exchange-traded funds (ETFs). Experts in the field are suggesting this change in stance implies the lawsuit might be losing its importance or is no longer a top priority for the SEC.

XRP ETF Acknowledgment Raises Hopes

Bloomberg analyst James Seyffart pointed out that the SEC, under previous leadership, would have likely given a hard ‘no’ to an XRP ETF, especially after rejecting a Solana ETF application in December. However, he thinks this latest development gives the XRP ETF a slightly better chance of being approved. Adding to this, Nate Geraci, co-founder of the ETF Institute, highlighted that the SEC acknowledging XRP ETF filings could have big knock-on effects for their ongoing Ripple case.

Ripple’s Chief Legal Officer, Stuart Alderoty, also seems to be expecting a resolution soon, especially given the SEC’s recent nod to XRP ETF filings. Legal insiders are suggesting that the SEC is currently focused on cases with tighter deadlines, like the Kraken case due March 31, 2025, potentially pushing the Ripple case down the priority list. However, some speculate that the Coinbase settlement could set off a chain of events that ultimately impacts Ripple as well.