XRP Included in Trump’s Crypto Reserve: Legal Expert Reveals What’s Next For Ripple Lawsuit
The post XRP Included in Trump’s Crypto Reserve: Legal Expert Reveals What’s Next For Ripple Lawsuit appeared first on Coinpedia Fintech News
The U.S. crypto industry is undergoing major changes, especially as the Securities and Exchange Commission (SEC) under Trump-era leadership takes steps to dismiss several high-profile lawsuits against major crypto firms. However, one legal battle continues to unfold—the ongoing lawsuit between the SEC and Ripple (XRP).
While cases involving companies like OpenSea, Robinhood, Uniswap (UNI), Gemini, MetaMask, and Coinbase are being dismissed, Ripple’s case remains unresolved.
Meanwhile, President Trump’s recent announcement about a U.S. cryptocurrency strategic reserve, which includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), has added fuel to market speculation. Investors are now wondering if XRP’s inclusion in the reserve could lead to a swift resolution of the ongoing case, with many believing the SEC may soon drop its lawsuit.
What’s Next For Ripple Lawsuit?
Legal expert Jeremy Hogan recently opened up about the delay in settling the Ripple case, pointing to a significant injunction in Judge Torres’ judgment that prevents Ripple from directly selling to customers. Hogan explained that although there are workarounds, Ripple is reluctant to violate the injunction. Once a court issues such an order, the parties involved cannot simply agree to disregard it, making it a challenging obstacle to overcome.
To dissolve the injunction, Ripple would need to seek “relief from a judgment” under Rule 60 of the Federal Rules of Civil Procedure. However, it’s not a simple process, and changes in the crypto regulations by the SEC won’t automatically nullify the court’s decision. The court’s judgment, based on the Howey test, stands independent of any rule changes the SEC might implement.
Still, there is a possibility that Ripple could resolve this issue, but it would require careful legal maneuvering. Hogan said that the court would need to exercise discretion, and if both Ripple and the SEC agree to request the dissolution of the injunction, it could be a strong argument. Ripple’s case could be resolved by late April or early May.
