$ 121,302.9
BTC
-0.87 %
$ 4,338.46
ETH
-2.54 %
$ 0.8057
ADA
-1.43 %
$ 1,240.43
BNB
-4.55 %
$ 221.15
SOL
0.46 %

Sujit Kumar
May 7, 2025

Ripple Discloses SEC's Request to Vacate Injunction

Ripple Discloses SEC's Request
Ripple Labs has revealed that the U.S. Securities and Exchange Commission (SEC) has requested the court to vacate the permanent injunction previously placed on the company as part of the ongoing legal battle. This development signifies a potential shift in the SEC's stance following recent court rulings.

SEC's Changing Position

The SEC's request to vacate the injunction suggests a possible reassessment of its legal strategy in the wake of the court's decisions regarding XRP sales. The initial injunction was a key component of the SEC's efforts to regulate XRP and its distribution.

Implications for Ripple's Operations

If the court grants the SEC's request, it could provide Ripple with greater operational flexibility. The removal of the injunction would potentially ease restrictions on how Ripple conducts its business involving XRP, particularly concerning institutional sales.

Ongoing Legal Proceedings

While this request indicates a potential change in the SEC's approach, the legal battle between Ripple and the regulatory body is still ongoing. Both parties are continuing to address remaining issues in the case, and the final outcome will have significant implications for the future of XRP and the broader cryptocurrency market.

Ripple Discloses SEC's Request to Vacate Injunction
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks