Ripple CEO Responds to SEC’s Dismissal of Coinbase Case, Eyes Potential Shift

• Ripple CEO reacts to SEC dropping the Coinbase case, signaling policy shift. 
• SEC’s decision to drop the Coinbase case suggests a potentially friendlier stance on crypto. 
• Analysts predict the SEC may soon withdraw its appeal against Ripple.

Ripple CEO Brad Garlinghouse expressed his reaction to the SEC’s surprise dismissal of its case against Coinbase. He stated that the agency seems to dismantle the regulatory framework that the previous administration had established. The SEC’s dismissal surprised most people because it shows potential changes in the commission’s regulatory approach towards cryptocurrency businesses.

Brian Armstrong who leads Coinbase verified the SEC had abandoned their lawsuit against the American-based digital asset exchange. While coinbase faces zero penalties or required concessions since the SEC changed its stance toward the company. Legal experts, such as attorney Jeremy Hogan, explained that the SEC dismissed the case “with prejudice” which creates the possibility for future litigation.

The Changing SEC Stance on Crypto

The SEC’s decision to end their Coinbase case investigation created doubts about their changing perspective regarding digital assets. The industry predicted a more supportive stance from the SEC on cryptocurrencies under the new administration but this shift came as a surprise to many industrial players.This decision, however, was still surprising to many, as it deviated clearly from previous enforcement actions.

The Coinbase case dismissal indicates that the SEC will focus on urgent matters instead of continuing with this particular case. The SEC battle with Ripple remains ongoing yet its outcome suggests that the regulator may dismiss this case during the forthcoming months. Former SEC official John Reed Stark believes the agency will likely withdraw its appeal against Ripple which would signify a shift in regulatory approaches.

Ripple’s Legal Case: What’s Next?

Ripple continues to fight legal battles against the SEC about determining whether its XRP token qualifies as a security. While the SEC has maintained its lawsuit against Ripple for now, numerous legal experts anticipate that it will drop the case very soon.

The legal team representing Ripple holds April 16, 2025 as the deadline to file its cross-appeal brief. The SEC bases its decisions on deadline requirements which indicates it will handle the Ripple case following resolution of other active matters.