SEC Won&#039, t Postpone Ripple Lawsuit Appeal Until After Gensler&#039, s Departure

Party leadership at the U. S. Securities and Exchange Commission ( SEC ) is expected to change on Jan. 20, but that won’t change the regulotor’s plans to move forward with its enforcement cases.

On January 14, Ripple’s chief legal officer Stuart Alderoty tweeted that the SEC had objected to the SEC’s request to defer the hearing on its request for a suitable sentence.

Despite the saber rattling from the SEC, buyers in Ripple-linked XRP have been undeterred. The XRP price has been on a tear and surged to$ 2.99 ( or above$ 3.00, according to Coinbase ). The price has gained 15.8 % since this time yesterday, according to CoinGecko data.

Following a July 2023 decision half favoring Wave, the regulation filed its charm in mid-October 2024. It determined that the company’s revenue of XRP to retail traders on digital asset platforms did not violate U.S. stocks laws.

However, it hasn’t been all smooth cruising for Ripple Labs on the court. A judge found Ripple liable for$ 125 million in August 2024 after concluding that the business had broken securities laws while raising money. At the beginning of 2019, former SEC chair Jay Clayton filed the civil lawsuit.

Alderoty criticized the use of taxpayer funds, but he backed Ripple’s place. He expressed concern over a waste of resources because he thinks the Trump administration’s proposed changes to SEC leadership will essentially end the constitutional conflict.

The “war on blockchain begins at the SEC,” according to Ripple’s chief legal officer, when the new leadership takes over on January 20. He referred to the delay in the allure reading as” a waste of time and taxpayer money.”

In a post of his own, CEO Brad Garlinghouse took a similar position. He described the choice as “very far on product” for the SEC’s present Chairman Gary Gensler. According to him, he is” totally condescending of the 2024 vote and the American community” and dedicated” to his tried ‘ regulation-by-enforcement agenda”.

Ripple was strategic in changing the anti-crypto social environment. In 2024, it contributed$ 25 million to the Fairshake PAC for “pro-crypto” individuals three days.