Social media speculation suggested that Ripple's civil lawsuit was scrubbed from the SEC website, but experts emphasized that changing online is not important in court.
The US Securities and Exchange Commission has reported that the Ripple civil lawsuit has been deleted from the official website.
However, Crypto.news has confirmed that the Ripple case is still accessible on the SEC website, but is now displayed in different categories.
Social media users said that the Ripple Case was no longer listed in the Litigation Release section, but other cases involved in Coinbase are now visible.
SEC V Ripple Labs, Inc. , Bradley Garlinghouse and Christain A. Larsen case files can be displayed in the Agency website's “Prize request” and “Cases related to appeal” category.
It is unknown why SEC made these changes, but Hogan & Hogan's lawyer Jeremy Hogan claimed that the trial was not affected by the switch in X.
“It may mean something internally in SEC, but it doesn't affect the lawsuit in some way. The court doesn't care about what SEC does on that website.” Hogan tweeted and responded to chatting.
SEC V Ripple
In December 2020, SEC accused Ripple, CEO Garlinghouse, and LarseN, Chairman of Executive, that it had implemented a $ 1.3 billion unregistered securities via a company native token (XRP).
The legal battle for multiple years has a partial victory for both parties. Judge has determined that XRP's retail sales have not violated the Federal Securities Law, but not provided by institutions. Ripple was ordered to pay $ 125 million, and the two parties have submitted their appeal.
Ripple's rumor, which deletes the Ripple case from the website, probably spurred by reducing the encryption -related execution in watchdogs. Under Donald Trump, SEC is expected to suspend a lawsuit against companies that are not directly involved in fraud.
