Social media reports about the U.S. Securities and Exchange Commission’s (SEC) removing the Ripple Labs civil lawsuit from its official website have triggered widespread speculation. The speculation that the regulator may be ready to settle the case was rejected by experts because alterations on the SEC website do not alter the status of ongoing litigation.
The civil lawsuit remains available through the SEC’s website despite recent relabeling changes between different sections. The case disappeared from the “Litigation Releases” section that features major court proceedings, although it continues to exist within various other sections available on the SEC website. Users can view the case by navigating to the sections named “Award Claim” and “Cases on Appeal” where it stands prominently accessible.
Ripple Faces Legal Action Over $1.3 Billion Offering
Internet discussions have revolved around the categorization change because the Coinbase-related cases continue to appear in the “Litigation Releases” section. Legal experts explain that alterations to case displays have no impact on courts’ ongoing proceedings during legal cases.
Attorney Jeremy Hogan from Hogan & Hogan presented explanations through social media X about how website modifications by the SEC don’t affect the ongoing litigation. While these website modifications potentially matter inside the SEC, they hold no direct influence on the ongoing court proceedings. In a Twitter response regarding the website modifications, Hogan declared, “The court doesn’t pay attention to what the SEC posts on its website.”
Ripple Labs and its CEO Brad Garlinghouse, together with executive chairman Christian A. Larsen, face legal action for allegedly violating securities laws through an unregistered $1.3 billion offering that used XRP as a means of sale. The prolonged legal dispute between both sides resulted in tactical wins for each load. The retail trade of XRP coins received approval from a judge because it did not break securities regulations yet institutional XRP sales operated illegally. A judge ordered Ripple to submit a $125 million fine as Ripple and both executives began their respective appeals.
The SEC website’s recent changes regarding the Ripple case occur during active conversations about crypto regulation within SEC standards. President Donald Trump’s administration is expected to slow down the SEC’s legal actions against businesses that did not participate in fraudulent activities, leading to speculations about Ripple’s case fate.
Legal experts maintain strong confidence the SEC website updates will not impact the final result of this case.
