- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ripple Claims SEC Dropped XRP Appeal in Q1 Report, Lawyer Disputes
By: cryptosheadlines|2025/05/07 12:15:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Ripple’s Q1 filing states the SEC withdrew its XRP appeal and reduced the proposed penalty by more than half.XRP legal expert Bill Morgan noted the SEC has not officially confirmed the appeal withdrawal through commissioner approval.The report suggests increased institutional interest in XRP, supported by Ripple’s confidence in legal and market outcomes.Ripple’s latest Q1 report has sparked new attention in the XRP lawsuit by stating that the U.S. Securities and Exchange Commission decided to withdraw its appeal. The report also notes a proposed penalty reduction from $125 million to $50 million and mentions the SEC’s intent to vacate the injunction, pending internal commission approval.XRP lawyer Bill Morgan flagged inconsistencies in Ripple’s report. He emphasized that the SEC has not officially confirmed its withdrawal through public channels. The Court of Appeals has approved a joint motion to pause the appeal, but Morgan pointed out that a commissioner’s vote appears to be pending.Ripple’s Statement Cites Legal ConfidenceAccording to the report, Ripple views this development as a validation of its long-standing legal position. The company described it as a “clear victory” for both Ripple and the wider digital asset industry. The update also referenced the SEC’s communication of its intent to step back from further litigation efforts.Despite Ripple’s confident framing, the absence of a formal statement from the SEC continues to cast uncertainty over the matter. Morgan reiterated that, based on his understanding, the agency’s commissioners have not finalized the decision to withdraw. This discrepancy has drawn increased scrutiny from both legal observers and the crypto community.Institutional Growth Outlook for XRPBeyond the legal details, Ripple’s Q1 report projects increased institutional use of XRP. The firm linked market optimism to the evolving legal situation and its efforts to expand on-chain utility. The report positioned the reduced penalty and potential appeal withdrawal as positive signals for long-term adoption.While Ripple’s disclosure offers insight into internal communications, the legal standing of the SEC’s appeal remains unresolved publicly. Until formal confirmation is issued, the status of the appeal withdrawal remains an open issue in the ongoing case.Source link
You may also like
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.
The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.
Web3 teams should stop wasting marketing budgets on the X platform
The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.
Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other
When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.
Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other
Bitcoin hodlers are starting to nested be in each other.
Key Market Intel on March 12th, how much did you miss out on?
1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base
2. Biggest Gainers/Losers: $DRV, $LYN
3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.
App