"XRP-SEC lawsuit is much more complicated than Coinbase case"

JH Kim

Summary

It was reported that XRP's case with the SEC is procedurally more complicated than Coinbase's.
According to the final ruling, the judge presiding over the XRP case will maintain jurisdiction for one year.
It was reported that if the SEC withdraws its appeal, an agreement with the district court will be necessary.

As Coinbase and the U.S. Securities and Exchange Commission (SEC) agreed to withdraw their lawsuit, Eleanor Terrett, Fox Business reporter, stated on X (formerly Twitter) on the 21st (local time) that "XRP's case is procedurally more complicated than Coinbase's."

She explained, "This is because a U.S. court previously ordered Ripple to pay $125 million in penalties in the first trial," adding that "According to the final ruling, Judge Analisa Torres, who presides over the SEC-XRP lawsuit, will maintain jurisdiction over the case for one year (until August 7, 2025) to ensure the judgment order conditions are met."

She continued, "While the SEC could withdraw its appeal, it would need to reach an agreement with the district court on whether to reduce or waive the penalties," and added that "They will likely receive support from Judge Analisa Torres."

She further noted, "As one legal expert said, we are in uncharted territory right now," and emphasized that "everything carries some degree of uncertainty."

XRP