There has been some recent confusion in the cryptocurrency world regarding the status of the U.S. Securities and Exchange Commission (SEC) appeal against Ripple in March 2025. Let’s take a closer look at the situation to clarify things.
During a video released in March, titled Crypto in a Minute, Stuart Alderoty, Ripple’s Chief Legal Officer, provided an update on the case. He expressed his optimism by stating, “I feel good,” reflecting on the lengthy legal battle that was summarized in just 60 seconds.
Alderoty asserted that not only did the SEC withdraw its appeal against Ripple, but it also dropped all enforcement actions against cryptocurrency companies in the United States. He emphasized that the SEC finally acknowledged what Ripple and others had been arguing for years – the importance of clearly defining laws before enforcing them.
“There has been a lack of clear laws and regulations for cryptocurrency in our country,” Alderoty stated. “Now, we are moving forward to establish clear guidelines in collaboration with Congress to protect consumers and foster innovation.”
Insight from a Former SEC Lawyer
Contrary to Alderoty’s claims, former SEC attorney James Farrell offered a different perspective on social media. He clarified, “The SEC has not yet dropped its appeal. Both parties’ appeals are still active (albeit temporarily paused) as of today.”
Current Status of the Case
While the SEC’s appeal has been temporarily paused, it has not been officially withdrawn. Both Ripple and the SEC maintain active appeals in the court system.
Although the case is ongoing, there is optimism that clearer regulations regarding cryptocurrency will be established in the United States. Ripple’s legal team continues to participate in discussions to help shape fair and effective industry regulations.