Claim $500XRP Lawsuit: Ripple Mentions SEC’s Appeal Withdrawal in Q1 Report Despite Agency’s Silence
Highlights
- Ripple explicitly stated for the first time that the SEC has withdrawn its appeal in the XRP lawsuit.
- Bill Morgan pointed out the discrepancy in Ripple's Q1 report highlighting SEC's silence.
- This highlights the uncertainties surrounding the ongoing Ripple case.
Ripple’s Q1 report has sparked fresh intrigue in the ongoing XRP lawsuit, with the crypto firm explicitly mentioning the SEC’s appeal withdrawal. This claim has drawn particular attention because the SEC has not yet publicly confirmed withdrawing its appeal in the Ripple case.
With the SEC’s formal stance still unclear, Ripple’s report has only added to the uncertainty surrounding the lawsuit’s outcome and XRP’s future. This article studies Ripple’s Q1 report, focusing on the XRP lawsuit and understanding its potential implications on the ongoing case.
SEC Withdrew XRP Lawsuit Appeal, Says Ripple in Q1 Report
As highlighted by XRP lawyer Bill Morgan, Ripple has explicitly stated for the first time that the US Securities and Exchange Commission (SEC) has withdrawn its appeal in the prolonged lawsuit. The report mentioned,
In Q1, the SEC informed Ripple of its intent to withdraw its appeal – a clear victory for both Ripple and the broader crypto industry…the SEC agreed to reduce the proposed penalty from $125M to $50M – and request the court vacate the injunction, pending SEC Commission approval. This outcome reaffirmed what had been clear from day one: the facts and the law were on Ripple’s side.
Significantly, the report predicts XRP’s potential growth driven by increasing institutional interest and a positive Ripple case outcome.
XRP Lawyer Spots Discrepancy in Ripple’s Q1 Report
Highlighting the US SEC’s silence, Bill Morgan questioned Ripple’s claim that the SEC has withdrawn its appeal in the XRP lawsuit. While Ripple reveals the SEC’s move despite the agency’s official confirmation, Morgan underscored the discrepancy in the Q1 report.
Notably, Morgan points out that, to his knowledge, the SEC commissioners haven’t voted on the matter yet. Despite the Court of Appeals granting a joint motion to pause the appeal, the SEC has yet to officially confirm the withdrawal of its appeal. This suggests a potential inconsistency between Ripple’s statement and the actual status of the SEC’s appeal.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Media Invests $40M in Bitcoin as Incoming CFTC Chair Signals Crypto Clarity Act Push in January
- Aave DAO Saga Deepens as Alignment Proposal Moves to Snapshot; AAVE Price Down 7%
- Fed’s Stephen Miran Urges More Rate Cuts In 2026 To Avoid U.S. Recession
- Breaking: $4T JPMorgan Explores Crypto Trading for Institutional Clients as U.S. Banks Embrace Crypto
- Bitcoin and Ethereum ETPs See $1B in Outflows as Institutions Rotate into XRP
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
