Did Ripple Win the SEC Lawsuit? CLO Alderoty’s mystical tweet sparks rumours

TL;DR

While Ripple has scored key partial victories in its lawsuit with the SEC, a full resolution has yet to be officially announced. The company’s CLO, Stuart Alderoty, praised the resilience of the team and the support of the XRP community, hinting at a possible turning point in the battle. Is the case over?

The legal fight between Ripple and the US Securities and Exchange Commission (SEC) is one of the hottest topics in the cryptocurrency space. It dates back to December 2020 when the watchdog sued the company, accusing it of raising more than $1.3 billion through an unregistered IPO by selling its native cryptocurrency, XRP.

The case went through countless developments over the years, and Ripple won some vital partial victories. Most recently, the company’s Chief Legal Officer, Stuart Alderoty, shared a post on X, hinting at a complete victory and fueling great enthusiasm in the XRP community.

He praised the “courage” and “resilience” of the Ripple team, which “provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto.”

“We held the door open long enough for the industry to survive and take advantage of this incredible moment. The faith and support of the XRP Army provided much-needed hope in the darkest of days. Thank you,” the post said.

While no official announcement indicates that the case has been officially resolved, numerous X users speculated that Alderoty may have inside information that the incoming Trump administration could push for a faster resolution.

Gensler has less than 2 months left

The XRP army had reason to celebrate recently. As reported by CryptoPotato last week, SEC Chairman Gary Gensler confirmed that he will step down on January 20th. During his tenure, the agency filed numerous lawsuits against crypto companies (such as the aforementioned one against Ripple).

His departure was somewhat expected, as Donald Trump promised to fire him on Day 1 after taking office. We have yet to see who will be Gensler’s successor, and indications are that the new president may have a pro-crypto stance.

Despite the change in SEC leadership, the case against Ripple is still ongoing. It will be interesting to see if a potential resolution announcement will follow Alderoty’s mystical release, or if we’ll have to wait until next year to witness more drastic developments.

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