The SEC intensified its appeal against Ripple’s 2023 ruling, confirming that XRP should be treated as a security. Better Markets backed the SEC, asserting all XRP tokens, regardless of how they were acquired, are investment contract securities.
With Gary Gensler resigning and Mark Uyeda taking over as SEC Chair, analysts believe this could influence the lawsuit’s outcome in Ripple’s favor. Attorney John Deaton proposed three scenarios, from extended appeals to potentially favorable settlements.