XRP About To Moon? SEC Backs OFF

Cryptocurrency is looking at another hype as speculation that the U.S. Securities and Exchange Commission (SEC) may soon withdraw its appeal against Ripple Labs. The company behind XRP. This regulatory shift under the Trump Administration alongside other recent political developments could have huge price implications for XRP and the broader crypto market.

SEC's Potential Withdrawal of Ripple Appeal

The legal battle between the U.S Securities and Exchange Commission (SEC) and Ripple began in December 2020.

Back then the SEC filed a lawsuit alleging that Ripple's sale of XRP constituted an unregistered securities offering. In a recent move the SEC has recently removed references to its lawsuit against Ripple from its website.

This is leading to speculation about a potential case dismissal. Legal experts note that the case is still listed as active on the official PACER system, indicating no formal resolution yet.

Former SEC enforcement chief John Reed Stark has observed that the agency's efforts to classify digital assets as securities are diminishing and failing in the long run. He highlighted that the SEC has already retracted an appeal concerning whether crypto companies should be considered securities dealers.

This action is part of a broader strategy to reduce enforcement actions in the crypto sector. The SEC has also restructured its crypto enforcement unit renaming it the "cyber unit," and has seen personnel changes involving key figures from previous crypto cases.

These adjustments suggest a shift in the agency's focus under acting SEC Chair Mark Uyeda, who appears to be steering the commission away from aggressive legal actions against digital asset companies.

New Taskforce Established

the formation of a new task force led by SEC Commissioner Hester Peirce which is being called "Crypto Mom," because there aren't enough Karen's in the world already, is expected to play a crucial role in shaping the agency's future approach to crypto regulation.

These developments have generated hype within the XRP community with many taking the position that the SEC will drop its appeal against Ripple. Stark believes the commission is unlikely to continue pursuing court cases that argue digital assets are securities.

We can see why as the costs to tax payers is starting to outweigh the benefits of the cases and at some point, someone has to give.

The political landscape is also influencing XRP. President Donald Trump recently shared articles about Ripple on his social media platform, Truth Social, sparking speculation about his stance on cryptocurrencies.

Ripple CEO Brad Garlinghouse noted that the company secured more U.S. business deals in the last six months of 2024 than ever before which has seen the company grow and now increased confidence in regulations under the Trump administration.

Reflecting this shift, 75% of Ripple's new hires are now based in the U.S., a significant change from previous years when regulatory uncertainty prompted the company to expand overseas.

Clear As Day, It's About Jobs

While many believe trump to be pro crypto we can see from patterns emerging it isn't so much about the crypto but the employment creation and if people are dumb enough to lose their money. At least that money is going back into the community via paid jobs and not off shored to North Korea and other nations.

furthermore, Crypto analyst Armando Pantoja has projected that XRP could reach a price between USD 8 and USD 25 by 2025-26 his position being that market capitalization concerns won't hinder its growth. He's view is contingent on favourable regulatory developments and increased institutional adoption.

So hold on tight Lions, looks like Trump is Bringing Crypto and Jobs to the United States Of America!

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