- Trump’s presidency marks a shift in U.S. crypto policy, with SEC leadership changes and reduced enforcement actions against major firms like Coinbase, Gemini, and Robinhood
- Ripple’s ongoing legal battle with the SEC gains attention as speculation rises about a potential resolution following dropped cases against other crypto companies
- Anthony Scaramucci’s comments on a podcast spark XRP community discussions, hinting at the possibility of the SEC resolving its high-profile case against Ripple
Since Donald Trump took office on January 20, 2025, as the 47th President of the United States, the government’s outlook on cryptocurrencies has certainly changed.
Throughout the campaign, Trump received significant financial support from the digital asset industry. Reports indicate that crypto-related donations in the 2024 election cycle exceeded $238 million, with Trump receiving over $22 million from major industry donors.
Since taking office, Trump appointed Mark Uyeda as Acting Chair of the Securities and Exchange Commission. Under the new leadership, the SEC has already proven less retaliatory against crypto firms.
Shifting SEC Policies and Ripple’s Case
In February, the Commission dropped several lawsuits and investigations against firms like Coinbase, Gemini, and Robinhood.
The fact that all these lawsuits share the same terminology for which the SEC argued its case for enforcing regulation on these firms makes the potential resolution of another high-profile case—Ripple—very promising.
Coinbase, Gemini, and Robinhood’s investigations relied upon the fact that the SEC believed that these firms were in some way offering unregistered securities. In Gemini’s case, the Commission went after its “Earn” program, claiming that it involved unregistered securities offerings. Similarly, Coinbase and Robinhood were accused of operating as unregistered securities brokers.
In Ripple’s case, the SEC alleged that the company raised over $1.3 billion through the sale of XRP in an unregistered securities offering. The lawsuit, filed in December 2020, accused Ripple of violating federal securities laws by selling XRP without proper registration.
Former White House Director Hints at Ripple vs SEC Resolution
Former White House Director of Communications, Anthony Scaramucci recently made an interesting claim in an appearance at the podcast “Wolf of All Streets” by Scott Melker.
During the episode, host Scott Melker brought up the SEC’s decision to drop cases involving firms like Coinbase, Gemini, and ConsenSys. In response, Anthony Scaramucci interjected, repeating the name “Ripple” twice.
Given that Scarammuci appeared to be hinting at the resolution of the Ripple vs SEC case, the XRP community speculated that the SEC might have already resolved its case against Ripple, sparking speculation about the status of the high-profile lawsuit.
Ripple’s altcoin XRP is expected to gain significant volume if the speculation regarding a potential lawsuit drop by the SEC comes to fruition. If you’re willing to capitalize on the market, check out our partner Weex for exclusive offers.
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
