The proceedings in the Ripple case are more complex compared to Coinbase, as they already have an order from Judge Torres at the district level to pay a $125M penalty. Judge Torres will oversee the case until August 7, 2025, to ensure the penalty is paid. The SEC might drop the appeal at the Second Circuit, but they still need to figure out how to handle the penalty ruling in the district court. There is uncertainty in all of this, as they are in uncharted territory. On the other hand, the SEC is set to drop its lawsuit against Coinbase pending approval from its commissioners, which could be a significant legal victory for the cryptocurrency industry. The XRP community believes that the long-running lawsuit between Ripple and the SEC may soon be over, as the SEC has shown openness to considering XRP exchange-traded funds. This shift indicates that the lawsuit might no longer be relevant or a major concern. The SEC's acknowledgment of the NYSE's application to list Grayscale's XRP ETF signals that the SEC may be open to considering an XRP ETF, improving the chances of its approval. This change in approach has implications for the ongoing case against Ripple.



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