The Ripple-SEC showdown remains high octane, and crypto bros and Wall Street sharks are on the edge of their seats. Between all the big shakeups at the SEC and the rumors flying around, it’s hard to keep track.
First, the SEC just reassigned Jorge Tenreiro, its chief litigation counsel, to the IT division. This dude played a major role in lawsuits against Ripple and Coinbase, so him dipping out kinda hints that the SEC might be switching up its crypto game plan. Meanwhile, big changes at the top: Trump’s back, and he just put Mark Uyeda in charge of the SEC. Unlike Gary Gensler—who was basically the crypto world’s biggest villain—Uyeda seems way more chill. He’s even letting Hester Peirce, a known crypto supporter, lead a task force to figure out actual regulations instead of just suing everyone.
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Another big clue?Yet, the Ripple case has moved on the SEC’s website now, shifting to the “Court of Appeals” section. What does that mean? The fight is not over, but it may be entering overtime. Still, Ripple pushes back hard, asking for an April 2025 deadline to answer the SEC’s appeal. The SEC, of course, isn’t backing down, even after losing a chunk of the case last year.
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Crypto lawyer John Deaton, a major pro-XRP guy, thinks the SEC’s appeal is weak. With over 75,000 XRP holders riding for Ripple, the SEC’s argument is looking shakier by the day. The big question? Will the SEC keep dragging this out, or is Ripple finally about to walk away with a W?
