havilo71

@havilo71

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This means that, in some sense, Ripple needs the case to continue to obtain a favorable ruling. While it is possible that it could convince the SEC to join it in seeking to vacate Torres’ judgment, it is not obvious that Torres would agree to do so.

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Unlike Coinbase, which was still pending pre-dismissal, Ripple reached a final judgment. This means that if the SEC stopped fighting, the outcome would not be a Ripple victory but a $125 million fine and a five-year “bad actor” prohibition on security fundraising that Judge Torres imposed on Ripple.

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The truth of the Ripple mystery is that why the case is still pending is unknown. No SEC staff member or Ripple attorney has commented. However, there are a number of possible explanations worth considering.

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Coinbase helped launch a Freedom of Information Act lawsuit against the FDIC in 2024, requesting the government department provide communication records with financial institutions dealing with crypto-related activities. According to letters made available by the exchange, the FDIC in 2022 requested certain banks “pause” digital asset activities in response to regulatory uncertainty.

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The company has also introduced recovery tokens to settle outstanding claims, allowing creditors to benefit from profits generated by future platform operations and recovered assets.

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