XRP Case Update | Legal Shifts Ignite Mixed Reactions in Crypto Community

Ripple's CEO Brad Garlinghouse recently revealed that the company will drop its cross-appeal against the SEC. Recent discussions hint that the SEC might also abandon its appeal. Is this truly the end of the long-standing legal battle?

Ripple's Legal Strategy

Garlinghouse's announcement has stirred fresh conversations in the crypto realm. Many wonder if the SEC will follow through on its end of the deal. Interestingly, it was pointed out on forums that if Ripple sells XRP directly to institutions in certain ways, it must comply with securities laws. However, if large firms purchase XRP on open markets or exchanges, they don’t treat XRP as a security. This brings added clarity to the situation.

Community Buzz

The community is split on what this means:

• Eager Anticipation:

  "If they don’t announce the SEC dropping the appeal, we’ll hear another announcement about it being 'finally over.'"

• Skepticism:

  "I would never have dropped my appeal if I were Ripple. SEC drops it first, then Ripple. I don’t trust any of them.” 

• Awaiting SEC Moves:

  "With the time difference, the SEC dropping will probably be announced Monday.”

  For many long-time XRP holders, the extended legal saga has created frustration and fatigue.

"LMAO seeing everyone just now realize is hilarious."

Sentiment Patterns

The mixed emotions reflect deeper fears in the crypto community:

• Concern About SEC Actions:

  Many believe that the SEC might still push forward with its efforts.

• Optimism for Closure:

  Some view this moment as a critical chance to wrap things up.

Key Insights

• ✅ Ripple's decision to abandon the cross-appeal indicates a noticeable shift in strategy.

• 📅 The SEC's next move remains uncertain.

• 💬 Community comments show varied emotions, balancing hope against skepticism.

Looking Ahead for XRP

As June 2025 unfolds, chatter grows about the SEC possibly dropping its appeal. Experts suggest a 60% chance this could happen soon. If the SEC does pull back, market sentiment for XRP might improve, presenting recovery opportunities. Conversely, if the SEC persists, the crypto market could experience more instability, with a 40% chance of disappointment looms.

Historical Context

The XRP case echoes situations like the Volkswagen emissions scandal, where initial doubts evolved into broader mistrust. The final outcome may not only reshape XRP's future but also affect public perceptions of crypto regulation for years to come.

Stay tuned for updates as this story develops.