In a recent development, multiple sources within the U.S. Securities and Exchange Commission (SEC) have reportedly leaked significant updates regarding the ongoing lawsuit against Ripple Labs, the company behind the cryptocurrency XRP. These revelations, shared by Andrew on X, suggest that the case may conclude much sooner than anticipated, with XRP potentially being classified as a commodity, leading to a substantial reduction in penalties. Such outcomes could set a precedent for the broader cryptocurrency industry. UPDATE: *two* SEC sources believe @Ripple case is very close to ending. Some expected outcomes: • “expect $XRP to get serious commodity consideration.” • “greatly reduced fine; GREATLY reduced” • “new leadership knows this case and how they handle it is a big deal;… — Andrew (@AP_Abacus) March 17, 2025 Accelerated Conclusion of the Ripple Case The protracted legal battle between the SEC and Ripple Labs , which commenced in December 2020, has been a focal point in the crypto community. The lawsuit alleges that Ripple conducted unregistered securities offerings through the sale of XRP. However, recent insider information indicates that the case is nearing an expedited resolution , potentially concluding much sooner than previously expected. This development aligns with ongoing settlement discussions aimed at bringing clarity to XRP’s regulatory status. Potential Reclassification of XRP as a Commodity One of the most significant aspects of the leaked information is the SEC’s consideration of classifying XRP as a commodity rather than a security. This shift would place XRP under the regulatory purview of the Commodity Futures Trading Commission (CFTC) instead of the SEC. Such a reclassification would align XRP with other major cryptocurrencies like Bitcoin and Ethereum, which are generally considered commodities. This potential change has been corroborated by reports suggesting that the SEC is contemplating this reclassification in its settlement talks with Ripple Labs. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Implications for Penalties and Industry Precedent The anticipated reclassification is expected to lead to a significant reduction in penalties imposed on Ripple Labs. Initially, the SEC sought substantial fines for alleged securities violations. However, treating XRP as a commodity could mitigate these penalties, reflecting a more lenient stance. Moreover, this outcome is poised to set a precedent for the cryptocurrency industry, potentially influencing how other digital assets are classified and regulated in the future. The SEC’s leadership acknowledges that this case could serve as a benchmark for future regulatory approaches, underscoring its potential impact on the broader crypto market. The leaked information regarding the SEC’s lawsuit against Ripple Labs marks a pivotal moment for XRP holders and the cryptocurrency industry at large. An expedited conclusion, coupled with the potential reclassification of XRP as a commodity and reduced penalties, could reshape the regulatory landscape for digital assets. As these developments unfold, stakeholders across the crypto ecosystem should monitor the situation, recognizing its potential to redefine industry standards and regulatory frameworks. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Internal SEC Sources Raise XRP Army’s Hope With New Development appeared first on Times Tabloid .
