People are talking about the SEC possibly dropping its case against Ripple. These rumors started after some closed-door meetings and when the SEC stopped looking into other crypto firms like Robinhood23. But some experts say these rumors aren’t true since nothing has been officially announced.
Judge Torres made a big decision in this case. She ruled that XRP isn’t a security, which was good news for Ripple. But she also found that Ripple broke securities laws with its sales to institutions. This split decision was partly a win for Ripple, but it also left room for more legal fights.
A lawyer known as “MetaLawMan” on X shared his thoughts on why the case is still going. “I have a theory about the SEC’s unexplained delay in dismissing the Ripple case. It might not be the SEC. It could be that Ripple is negotiating hard to get the SEC to agree to vacate some or all of Judge Torres’ decision,” he wrote.
He thinks the parts of the ruling that hurt Ripple could be a problem for the company’s future plans. “The finding of securities law violations and the injunction with attendant ‘bad boy’ provisions are not so great for Ripple. This is particularly true if Ripple is considering a future exempt securities offering or IPO,” MetaLawMan explained.
His idea is that while the SEC might be happy to settle with Ripple paying the $125 million fine and both sides dropping their appeals, Ripple might want more. They might be trying to get rid of some of the negative findings in the original ruling.
I have a Theory about the SEC’s unexplained delay in dismissing the @Ripple case.
— MetaLawMan (@MetaLawMan) March 1, 2025
It might not be the SEC.
It could be that @Ripple is negotiating hard to get the SEC to agree to vacate some or all of Judge Torres’ decision.
The Torres decision was unquestionably GREAT for…
Is this a real possibility? It makes sense. For Ripple, the long-term impact of being found guilty of securities violations could hurt more than just paying a fine. If they want to go public or raise money through traditional channels later, those violations would look bad.
Ripple has stuck to its guns throughout this whole legal battle. They’ve often said they’re fighting not just for themselves but for clearer rules for all crypto companies. This fits with what CEO Brad Garlinghouse has said many times.
What makes this theory interesting is how long the case is taking to wrap up when it seems like it should be over by now. Both sides would save money and time by ending things, so the fact that it’s still going suggests something more is happening behind the scenes.
Whether MetaLawMan is right or wrong, his theory shows how much is at stake here. For Ripple and XRP holders, winning isn’t just about beating the SEC now—it’s about having the best position for growth in the future.
Read also: XRP and XCN Out of Gas? These Underrated Altcoins Priced Under $0.05 Could Be Smarter Bets
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