The post XRP Community Calls On SEC To End Appeal appeared on BitcoinEthereumNews.com.

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has long reached a pivotal moment. The XRP community is calling on newly appointed SEC Chair Mark Uyeda to drop the agency’s appeal.  Ripple Community Chatter on SEC Case It is important to state that since the SEC filed its appeal on October 2, 2024, challenging Judge Analisa Torres’ rulings on programmatic sales and other distributions, XRP supporters have been vocal about their frustration.  Spearheaded by X user, Tanner, many community members believe the SEC’s continued pursuit of the case is unnecessary. This is because of the court’s ruling that XRP’s public sales did not violate securities laws.  them permanently enjoined to the court. An Acting Chairman resolving a complex case like Ripple’s would be rather uncommon. The fact that Ripple requested an extension to April 16th might be in anticipation of Atkins’ arrival. At least this is my take on it all. — Sherrie 🌸 (@CherryEmpress21) March 8, 2025 Some speculate that Ripple’s request for the brief extension until April 16th may be tied to Uyeda’s potential leadership shift. The firm is likely anticipating a more pragmatic resolution under his watch. In addition, prominent figures in the crypto community have suggested a compromise. They want both Ripple and the SEC to drop their appeals and agree to revise the $125 million penalty currently in escrow.  This would allow Ripple to move forward without the lingering uncertainty of legal proceedings. It will also enable the SEC to avoid further reputational damage from a prolonged fight. The New US SEC and End to Crypto Litigations With Mark Uyeda now acting as chairman of the US SEC, there is renewed hope that a resolution could be reached in the Ripple versus SEC case. For context, Uyeda has been…

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Filed under: News - @ March 9, 2025 5:23 am