**Summary**
– The SEC has intensified its appeal against the 2023 ruling that favored Ripple, with Better Markets backing the SEC by asserting that XRP should be classified as a security.
– With Mark Uyeda, a pro-crypto figure, taking over from Gary Gensler at the SEC, analysts are considering possible outcomes that could benefit Ripple.
**Ongoing Legal Battle**
The lawsuit between Ripple and the SEC, which began in 2020, has yet to reach a final resolution. Over the years, there have been significant developments and court decisions that seem to have favored Ripple. In January, the SEC filed an appeal against a court decision regarding XRP sold on exchanges, maintaining that Ripple’s token is a security. Ripple has set a deadline of April 16, 2025, for its brief.
The SEC’s appeal targets Judge Torres’ decision from August 2023, which ruled that Ripple’s sales of XRP through exchanges did not violate regulations. Despite the crypto community’s support for Ripple, some financial groups, like Better Markets, have supported the SEC, categorizing XRP as a security.
**Leadership Change**
A significant development impacting the Ripple v. SEC case is Gary Gensler stepping down as SEC Chairman, succeeded by the pro-crypto Mark Uyeda. Gensler was viewed as a strong adversary of the crypto sector, and the leadership change is seen by some as a potential advantage for Ripple.
American attorney John Deaton outlined three potential outcomes following the leadership change: the SEC might continue its appeal, possibly extending the battle; it could dismiss the appeal and insist on Ripple paying a $125 million penalty; or, in the least likely scenario, the SEC could drop the appeal and the penalty.
**Twitter Update**
Stay updated on the Ripple vs. SEC case and other crypto news by following us on Twitter.