The Ripple (XRP) community was recently taken aback when the ongoing lawsuit against Ripple seemingly vanished from the SEC’s website. This unexpected move led to rampant speculation that the protracted legal battle might finally be concluding. However, attorney Jeremy Hogan clarified that the case was merely removed from the litigation section and remains accessible on the appellate court’s website.

Case Status Clarification

Hogan explained, “It’s taken off the litigation section of the SEC website only (there’s no ‘appeals’ section). But when you look on the actual appellate court website, it’s still there and nothing new has been filed.” This indicates that the case is far from over and continues to progress through the appellate court.

Ripple’s Stance and Legal Proceedings

Earlier this month, the SEC filed an opening brief in its appeal against Ripple, a move Ripple has downplayed as inconsequential. The company is optimistic that the new pro-crypto SEC administration will ultimately dismiss the case. Stuart Alderoty, Ripple’s chief legal officer, suggested that the case might be shelved under the current administration’s leadership.

Last week, Ripple requested an April 16 deadline to submit its own opening brief. The company had announced a cross-appeal shortly after the SEC’s notice of appeal in October. The new SEC administration, led by acting Chair Mark Uyeda, has committed to establishing clear regulations for the cryptocurrency industry.

Background and Future Outlook

The controversial lawsuit, initiated by former SEC Chair Jay Clayton, has faced numerous setbacks. Despite these challenges, the SEC decided to appeal both the summary judgment and the final judgment. It remains uncertain whether the regulatory agency will continue pursuing the appeal.

For now, the Ripple lawsuit remains active, and the community continues to watch closely for any new developments. The outcome of this case will likely have significant implications for the broader cryptocurrency market.