The SEC's decision to sustain the Ripple lawsuit has raised questions, especially as they have dismissed legal actions against other firms. Market commentator Vincent Van Code suggests that Ripple may be engaged in negotiations with the Second Circuit Court of Appeals to overturn a ruling that classified Ripple's sales of XRP as securities transactions. This would allow Ripple to distribute XRP without regulatory restrictions. Van Code also speculates that Ripple may be positioning its XRP escrow holdings as a potential asset for a U.S. strategic reserve, potentially settling its fine. President Donald Trump has confirmed that XRP would secure a place in the U.S. crypto reserve. The theory proposes that Ripple needs to overturn the injunction on its institutional sales to be able to sell the escrowed tokens to the government. However, these theories are speculative without concrete evidence. The SEC has dismissed cases against other firms, making the sustained Ripple lawsuit stand out. The appellate proceedings may involve negotiations to favor Ripple, according to Van Code. Attorney Jeremy Hogan suggests that Ripple may be looking to lift the injunction on XRP sales.



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