US Securities and Exchange Commission may drop its lawsuit against Ripple – Crypto.news

As reported by Crypto.news citing a statement by former FOX Business journalist Eleanor Terrett, the US Securities and Exchange Commission (SEC) is about to close the case against Ripple.

The aforementioned case that started a high-profile legal battle between the agency and the cryptocurrency company marked a new phase in the governments' quest to exert control over the digital asset sphere.

However, the regulator has recently dropped several investigations, including those against Coinbase, Kraken and Gemini. In the case of Ripple, the legal proceedings may also be terminated.

At the same time, according to lawyers quoted by the portal, the SEC may restart the hearing for non-fraud cases.

According to Terrett's sources, the delay in concluding an agreement is caused by efforts of the company's legal team to ensure ‘favorable terms’ regarding the $125 million fine imposed by the court in August 2024. 

Besides, a permanent injunction preventing Ripple from selling its XRP tokens to institutional investors creates additional complications.