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Lawyer Reveals Likely Reason For Delay In Settling Ripple SEC Case

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12 hours ago

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The US Securities and Exchange Commission (SEC) is inching toward bringing down the curtain on its case against Ripple Labs for the sale of unregistered securities. However, several bottlenecks stand in the way of a swift resolution for the Ripple SEC Case but there appears a way out for both parties.

An Injunction By Judge Torres Complicates Matters For Both Parties

According to a post by Attorney Jeremy Hogan, the delay in bringing the Ripple SEC case to a close lies with an injunction imposed by Judge Analisa Torres. In her landmark judgment, District Judge Torres previously restrained  Ripple Labs from selling securities to the public subject to certain conditions.

The presence of the injunction could hurt Ripple Lab’s chances of proceeding with an IPO in the future, a position that appears unacceptable to the firm. Hogan says Ripple Labs’ attempt to ask the court to disregard the injunction is the primary source of delay for a dismissal.

“How do you dissolve an injunction?” read Hogan’s X post. “It’s not simple, which is why I think the case doesn’t resolve until April-May whereas all these other cases have already been dismissed.”

The Commission’s dismissals of Coinbase’s case and shuttering enforcement action against Gemini have triggered speculation that the end is in sight for the Ripple SEC case.

A Way Out For The Ripple SEC Case

Asking the court to ignore its injunction because the parties have settled is an uphill task in the Ripple SEC Case. Rule 60 of the Federal Rules makes provision for relief for a judgment in special circumstances in light of new facts or errors.

However, the injunction hinges on the Howey test, a longstanding US Supreme Court Law, making it difficult for the court to set aside the injunction. Hogan notes that if Ripple Labs can present a powerful argument for the court, the judge may use her discretion to set aside the injunction. Following a closed-door meeting with the SEC, Ripple Labs is in the endgame of its legal battle with the security watchdog.

“Ripple only has one shot at getting the injunction dissolved with the trial court so it will have to draft a very carefully worded motion,” said Hogan. “That takes time and the SEC will basically have to sign off on it – more complication.

Hogan predicts that parties will dismiss their appeals in April, effectively bringing an end to the drawn-out legal saga in May. In upbeat news, XRP made the cut for the US Crypto Strategic Reserve following an announcement by President Donald Trump.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Defies Market Trend; Outpaces BTC & ETH Amid Crypto Blood Bath

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4 minutes ago

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March 3, 2025

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As digital asset investment products saw a third consecutive week of outflows, Ripple’s XRP bucked the trend with substantial inflows. Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) experienced significant outflows, leading the market’s negative sentiment.

Several events have likely contributed to these outflows, including the Bybit hack, the Federal Reserve’s hawkish stance, and the crypto market crash.

XRP Overpowers BTC & ETH in Weekly Inflows

CoinShares’ weekly report revealed a record-breaking outflow of $2.9 billion from digital asset investment products, marking the largest weekly withdrawal. This outflow extends a three-week streak, with total withdrawals reaching $3.8 billion over this period.

While major players like Bitcoin (BTC) and Ethereum (ETH) exhibited notable outflows, XRP defied the trend with a significant inflow of $5 million. Bitcoin was hit the hardest by the market’s bearish sentiment, experiencing a substantial outflow of $2.59 billion last week.

Following was Ethereum, with a negative flow of $300 million. Other assets like Solana and Ton also experienced outflows of $7.4 million and $22.6 million, respectively.

Are ETFs Driving the Positive Sentiment?

In stark contrast to the major crypto market trend, XRP gained $5 million in inflows over the past week. The positive trend was led by Sui, with a significant inflow of $15.5 million.

Meanwhile, the US was the country with the largest outflows, followed by Switzerland, Canada, and Sweden. The US saw a total outflow of $2,874 million, whereas Switzerland, Canada, and Sweden exhibited $73.1 million, $16.9 million, and $14.5 million outflows, respectively.

XRP’s notable performance has significantly gained attention. Possibly, the token’s positive sentiment is largely driven by the SEC’s optimistic approach to XRP ETFs. Over the past few weeks, the US SEC has acknowledged XRP ETF applications submitted by multiple asset managers. In the latest development, President Donald Trump announced his decision to include XRP in the national reserve.

However, top crypto assets like BTC and ETH were hit by the recent incidents like Bybit hack and the Fed’s hint at maintaining the current interest rates.

Donald Trump’s Crypto Reserve Sparks Bitcoin vs XRP Debate

Though Donald Trump is adopting BTC, XRP, SOL, and ADA to the national reserve, this has sparked a debate between Bitcoin enthusiasts and XRP Army. While Bitcoin aspirants celebrate the BTC reserve update, they question the addition of XRP. For instance, Bitwise CEO Hunter Horsely, stated, “Many crypto assets have merits, but what we’re talking about here isn’t a US investment portfolio — we’re talking about a reserve, and BTC is the undisputed store of value for the digital age.”

Meanwhile, Cardano Founder Charles Hoskinson backed XRP claiming that it is “great technology, global standard, survived for a decade through many harsh cycles, and has one of the strongest communities.”

Bearish Crypto Market Turns Green

Notably, the crypto market was experiencing severe downturns over the past week, with Bitcoin trading around a low of $85k. This bearish market sentiment has significantly contributed to the outflows exhibited last week.

However, the market has rebounded today, especially driven by Donald Trump’s crypto reserve strategy. While Bitcoin has surged to $93,366, ETH and XRP reached $2,383 and $2.68, respectively. The overall market cap has increased to $3.06 trillion, up by more than 8%.

 

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Will Donald Trump Announcement Speed Up Ripple Vs SEC Resolution?

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2 hours ago

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March 3, 2025

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President Donald Trump’s move to add XRP to the US crypto reserve has fueled hopes for a swift resolution to the Ripple vs SEC case. However, legal expert Jeremy Hogan remains skeptical, believing the XRP lawsuit could still take until May to conclude.

Notably, Hogan has been vocal about the possible delays in XRP lawsuit, dismissing speculations of an imminent settlement. Let’s break down Jeremy Hogan’s recent statement and how Donald Trump’s decision could impact the Ripple vs SEC lawsuit.

How Will Donald Trump’s XRP Reserve Plan Influence the Lawsuit?

As Donald Trump has decided to include XRP to the US national reserve along with Bitcoin, Solana, and Cardano, the community is abuzz with enthusiasm. This has indeed fueled excitement over the imminent resolution of the long-anticipated XRP lawsuit. Despite growing optimism for an early dismissal, attorney Jeremy Hogan remains steadfast in his prediction that the Ripple vs SEC case will likely extend into May before reaching a conclusion.

Significantly, Jeremy Hogan shared his latest prediction via his X post. He stated that he expects the appeals to be dismissed by mid-April, with the entire case wrapping up by May. Meanwhile, an XRP community member asked the lawyer if XRP’s inclusion in the US crypto reserve could expedite the settlement. He responded skeptically, saying “I don’t think so…” However, he acknowledged the inherent uncertainty in estimating timelines, implying that his prediction is subject to change.

Is XRP Lawsuit Settlement Poised for Further Extension?

Hopes for a quick XRP lawsuit resolution continue to build. Nonetheless, experts like Jeremy Hogan and MetaLawMan have repeatedly cautioned that the case may face additional delays. Both of them pinpointed the complexities surrounding the Ripple lawsuit which could possibly lead to the case’s further extension.

According to Hogan’s recent comments, the delay is primarily linked to the injunction imposed by Judge Analisa Torres. This injunction restricts Ripple from selling securities to the public, effectively limiting its ability to pursue a future Initial Public Offering (IPO). Hogan says Ripple Labs is trying to get the injunction lifted, which is holding up the case’s resolution.

XRP Price Skyrockets Fueled by Trump’s Reserve Plans

In an interesting development, Donald Trump has revealed his plans to establish a crypto reserve in the country, including Bitcoin, XRP, Solana, and Cardano. Though the development reportedly has no significant impact on the XRP lawsuit, it has had a massive influence on the overall crypto market. The market exhibited a significant resurgence with the market cap surging to $3 trillion, up by more than 5%.

Aligning with the broader trend, XRP price saw a remarkable uptick of 14.12% over the last 24 hours. Currently trading at $2.57, XRP has surged by 4.37% over the last week despite a monthly decline of 14%. Investor sentiment has also risen following the Trump decision which is indicated by the staggering 514% hike in the 24-hour trading volume, currently at $20.44 billion.

Despite the token’s notable performance, the XRP lawsuit’s imminent dismissal hangs in balance. It needs to be seen if the case will end by May or even extend further.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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US Crypto Reserve to Add More Altcoins? Experts Weigh In

Published

3 hours ago

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March 3, 2025

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Following President Donald Trump’s recent announcement about establishing a national crypto reserve, investor attention has shifted toward altcoins made in the USA.

The US crypto reserve currently includes altcoins such as Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). However, experts anticipate the addition of more altcoins, including Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC).

Chainlink (LINK) emerges as a strong candidate due to its inclusion in the Coinbase 50 Index, its presence in Grayscale’s trust, and its association with World Liberty Finance – an entity operated by Trump’s family.

Made in US Altcoins. Source: Cryptorank.
Made in US Altcoins. Source: Cryptorank.

Quinten, founder of weRate, believes LINK’s technology could help bring US strategic assets on-chain.

“LINK will be in the Crypto Strategic Reserve. Chainlink will facilitate a lot of this stuff, from the proof of reserves to putting other strategic assets on-chain (gold, currencies, …),” Quinten predicted.

Ondo (ONDO) is another likely contender, as World Liberty Financial holds Ondo tokens, and Donald Trump Jr., a co-founder of WLFI, has spoken at Ondo events.

“Trump confirmed a crypto strategic reserve, and his own crypto company, World Liberty Financial, holds Ondo. AND Donald Trump Jr. and other WLFI founders spoke at the Ondo Summit. Ondo is also a US based crypto. To me, it’s confirmed that either Ondo will be included or Trump will tap Ondo to tokenize the entire stock market,” Investor Not Telling predicted.

Ondo CEO Nathan Allman responded to Trump’s announcement by reaffirming that Ondo is a US-based blockchain company pioneering the tokenization of US Treasuries. The company plans to expand into stocks, bonds, and ETFs.

Additionally, content creator JRNY Crypto speculated that the reserve could include Litecoin (LTC), highlighting that LTC is a strong candidate for a spot ETF. Bloomberg analysts estimate a 90% approval probability for the ETF.

“All coins mentioned in the reserve are USA COINS. They also said BTC, ETH, and other coins. IMO, LTC will be added to the reserve and get an ETF,” JRNY Crypto predicted.

Market Surge in “Made in America” Tokens

Following Trump’s announcement, the market capitalization of “Made in USA Coins” surged by 12%, reaching nearly $500 billion, according to CoinMarketCap data. This figure is 16 times the market cap of “Made in China Coins,” signaling a strong investor preference for US-originated crypto projects.

In addition, this altcoin group’s trading volume spiked by 300% in the past 24 hours, surpassing $82 billion, with XRP leading the volume.

Top Made in America Tokens by Market Capitalization. Source: CoinMarketCap.
Top Made in America Tokens by Market Capitalization. Source: CoinMarketCap.

Despite the excitement, the US crypto reserve plan has sparked controversy. Many industry leaders have voiced opposition to the inclusion of altcoins, arguing that only Bitcoin is suitable for national reserves.

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