Ripple Labs is nearing the end of its legal battle with the U.S. SEC over unregistered securities, but obstacles remain.
The primary delay comes from a ruling by Judge Analisa Torres, who imposed an injunction preventing Ripple from selling certain securities.
This injunction complicates Ripple’s plans for a potential IPO and is the reason behind the case’s ongoing delays. While Ripple is making efforts to get this injunction lifted, the process is more complex than it may appear.
To resolve this, Ripple must convince the court to lift the injunction, which is based on the Howey Test, a key legal precedent that determines whether an asset is considered a security.
Legal expert Jeremy Hogan suggests that Ripple’s team must present a strong, carefully crafted argument, but this will take time and could require SEC approval before moving forward.
Hogan predicts that the case will likely conclude by May, with both parties possibly filing dismissals by April. Despite the legal hurdles, there is some positive news for Ripple: XRP has been included in President Trump’s U.S. Crypto Strategic Reserve, offering a boost in confidence for the company’s future.
The conclusion of this prolonged legal battle could potentially reshape the regulatory landscape for cryptocurrencies in the U.S.
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