A bombshell prediction from a former SEC insider has sent shockwaves through the crypto community. The ex-official forecasts the SEC’s appeal will crash and burn—totally dismissed by the Court of Appeals for the Second Circuit.
Why? The regulatory landscape is shifting. Fast. Under the new administration, the SEC has been retreating from multiple crypto enforcement actions, restructuring its internal approach to digital assets.
The crypto tides are turning as the SEC pulls back, revamping its digital asset strategy under new leadership.
Meanwhile, Ripple isn’t backing down. They’ve requested an extension until April 16, 2025, to file their response brief. Their strategy remains consistent: XRP is not a security, period. They’re hammering home the distinction between institutional and retail transactions that Judge Torres recognized.
The statistics favor Ripple. Affirmation of the original ruling is the most likely outcome, though partial affirmations are common in cross-appeals. Final resolution? Don’t hold your breath—we’re looking at late 2025 or beyond.
Market implications are already visible. XRP’s price swings wildly with each legal development. The lawsuit has dominated crypto headlines since its beginning in 2020. Some wildly optimistic speculators suggest XRP could hit $320 if the SEC drops the case entirely. Yeah, right.
Politics plays a role too. Donald Trump has publicly backed XRP and Ripple. The new administration’s approach to crypto regulation differs markedly from its predecessor’s. SEC leadership changes mean shifting enforcement priorities.
Industry stakeholders haven’t been silent. Amicus briefs flood in. Many see this case as crucial for smart contracts that power the DeFi ecosystem on numerous blockchain networks. Despite widespread rumors, crypto expert Eleanor Terrett explicitly denied that the SEC is considering dismissing its appeal against Ripple. Crypto leaders demand regulatory clarity. Exchanges remain cautious about XRP listings.
The question on everyone’s mind: Will the Court of Appeals side with innovation or regulation? Will the SEC’s appeal succeed or fail spectacularly? For XRP holders and the broader crypto market, the answer can’t come soon enough.
