Ripple Lawsuit: SEC Disputes Settlement Claims as Case Continues Appealing

The outcome of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) remains unclear, despite recent claims from Ripple CEO Brad Garlinghouse that it has been settled. While Ripple’s Chief Legal Officer (CLO) states that the SEC has dropped its appeal, a significant discrepancy exists between both parties, leaving investors and XRP supporters in confusion. The SEC filed an opposition to a motion for decisive evidence submitted by Justin W. Keener, who aims to assist Ripple’s case against the SEC. However, the SEC argues that Judge Torres no longer has jurisdiction due to the case already moving to the Second Circuit Court of Appeals and that Ripple itself should determine the relevance of the evidence. This contradictory response raises questions about whether the case is truly settled or still facing legal hurdles. The SEC’s own filing contradicts Ripple’s recent claims by stating that the case remains under appeal, adding further uncertainty to the situation. Many are hoping for an official statement from the SEC clarifying the case’s current status.