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Can XRP Rebound 20% by May? New SEC Chair Confirmation Could Decide

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Can XRP Rebound 20% by May? New SEC Chair Confirmation Could Decide

Ripple Labs remains locked in a legal struggle with the U.S. Securities and Exchange Commission. Rumors recently surfaced about the SEC removing or moving the Ripple lawsuit from its website. Yet, Sherrie, a prominent legal observer, insists that the case remains intact. She maintains that the lawsuit simply shifted to the Court of Appeals with a new case number. Her explanation also clarifies that the lawsuit now appears under “Award Claims” on the SEC’s site.

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District Court Decision and Appeal

Judge Analisa Torres presided over the district court case and ordered Ripple to pay a penalty of $125 million. The SEC had originally demanded $2 billion, so the court’s order represented a significant decrease. Soon after that ruling, Ripple chose to appeal, which moved the case to the Court of Appeals. Sherrie explains that the district court phase officially ended, so the SEC’s website no longer highlights that stage. Instead, all details now appear in the section for concluded cases.

Rumors of a Swift Settlement

Some XRP enthusiasts hoped for a quick settlement. They believed the case would vanish from the SEC’s public records. However, Sherrie argues that the Commission follows strict procedural rules. She maintains that any new developments require formal measures at the Court of Appeals level. Meanwhile, attorney Jeremy Hogan has also suggested that April or May might see a resolution. He predicted that the SEC could dismiss or withdraw its appeal during that period.

Paul Atkins and the Timeline for Resolution

Paul Atkins has been nominated for reappointment to the SEC. The Senate received his nomination on January 28, 2025. Sherrie emphasizes that high-profile cases typically wait for decisions from the confirmed SEC Chair. She also notes that Atkins will likely gain Senate approval around April. Once confirmed, Atkins can direct the Commission’s stance on major enforcement actions. Sherrie believes that Atkins’s leadership will shape whether the SEC continues or drops the lawsuit.

Read Also: Trump & Garlinghouse Talk XRP as Reserve Asset—$1.20 Price Breakout Coming?

Ripple’s Briefing Deadline and Its Potential Impact

Ripple must submit its brief for both appeal and cross-appeal by April 16. This date aligns with the period when Atkins may assume full authority at the SEC. Observers consider this overlap significant because major policy decisions often occur under the Chair’s supervision. Attorney Jeremy Hogan has mentioned that appeals could stall or end once a permanent Chair takes office. Yet, no official statements confirm an exact plan or date for either party.

How a Settlement or Dismissal Might Unfold

Sherrie explains that both sides can drop their appeals by filing a simple notice with the Second Circuit. Before that, the SEC must hold a vote, which the Chair leads. If a majority favors dismissal, the SEC will coordinate with Ripple’s attorneys to finalize the document. This single-page notice contains signatures from all parties and is sent electronically. Sherrie believes that such a motion could appear between April and June.

Possible Effects on XRP’s Price

XRP holders often tie the token’s price to news about the lawsuit’s progress. If the SEC drops its appeal, investors may anticipate a strong rally. Some analysts believe the price could rebound quickly under a favorable outcome. However, lengthy appeals might delay any price surge, because uncertainty tends to discourage speculative buying. Traders will likely watch for official court filings and statements from both sides for clarity.

Read Also: 31.2% Price Drop for Alpha: Will It Rebound or Continue Falling?

Rumors have muddled the truth about the Ripple vs. SEC lawsuit. Sherrie’s detailed account shows that the case remains active under a new number at the Court of Appeals. The SEC’s website reflects its concluded status at the district court level, not its removal. Meanwhile, Paul Atkins’s likely confirmation as SEC Chair looms, raising questions about the Commission’s final stance. Ripple’s next brief, due by April 16, aligns with that potential leadership transition. If both parties agree to withdraw, they can submit a notice at any time. Until then, XRP enthusiasts should watch official sources for precise updates.

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