Major Changes in the U.S. Crypto Industry

The U.S. crypto industry is undergoing major changes, particularly with the Securities and Exchange Commission (SEC) dismissing several high-profile lawsuits against major crypto firms under the Trump-era leadership. However, one legal battle remains unresolved—the ongoing lawsuit between the SEC and Ripple (XRP).

While cases involving companies like OpenSea, Robinhood, Uniswap (UNI), Gemini, MetaMask, and Coinbase are being dismissed, Ripple’s case continues to unfold.

Meanwhile, President Trump has announced a U.S. cryptocurrency strategic reserve that includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), stirring market speculation. Investors are curious whether XRP’s inclusion could lead to a swift resolution of the ongoing case, with many believing that the SEC may soon drop its lawsuit.

What’s Next For the Ripple Lawsuit?

Legal expert Jeremy Hogan discussed the delay in settling the Ripple case. He noted a significant injunction in Judge Torres’ judgment that prevents Ripple from directly selling to customers. Although there are possible workarounds, Ripple is hesitant to violate the injunction. Once a court issues such an order, the parties involved cannot simply agree to disregard it, presenting a significant challenge.

To lift the injunction, Ripple would need to seek “relief from a judgment” under Rule 60 of the Federal Rules of Civil Procedure. This process is complex, and changes in cryptocurrency regulations by the SEC won’t automatically nullify the court’s decision, which stands independently based on the Howey test.

Despite the challenges, there is potential for Ripple to resolve the matter with careful legal maneuvering. Hogan stated that if both Ripple and the SEC agree to request the dissolution of the injunction, it could present a strong argument. Ripple’s case might see a resolution by late April or early May.