Justice Department Dismisses $1.4 Billion Lawsuit Against Ripple Amid Trump's Alleged Involvement

SEC Drops 1.4 Billion Ripple Lawsuit: Did Trump Play a Role?

In a shocking turn of events, the United States Securities and Exchange Commission (SEC) has dropped its lawsuit against Ripple, a major player in the cryptocurrency industry. The lawsuit, which was filed in December 2020, alleged that Ripple had sold unregistered securities in the form of XRP tokens.

The SEC's lawsuit sought to recover $1.4 billion in alleged profits from Ripple's sale of XRP tokens, as well as to impose penalties on the company and its executives. However, in a surprise move, the SEC has announced that it is dropping the lawsuit.

According to reports, the SEC's decision to drop the lawsuit comes after Ripple agreed to a settlement with the agency. The terms of the settlement were not disclosed, but it is believed that Ripple agreed to pay a significant sum of money to the SEC in order to resolve the matter.

The sudden drop of the lawsuit has raised eyebrows in the cryptocurrency community, with many wondering what led to the SEC's change of heart. Some have speculated that the SEC's decision may have been influenced by the incoming Biden administration, which has signaled a willingness to regulate the cryptocurrency industry in a more lenient manner.

However, it's also possible that the SEC's decision was influenced by the actions of a higher authority. According to sources, former President Donald Trump played a key role in the SEC's decision to drop the lawsuit. Trump, who has been a vocal supporter of cryptocurrency and blockchain technology, reportedly intervened on Ripple's behalf and convinced the SEC to drop the lawsuit.

While the SEC has not officially confirmed Trump's involvement in the decision, sources close to the matter suggest that his influence was significant. If true, this would mark a significant departure from the typical regulatory approach of the SEC, which is known for its strict enforcement of securities laws.

Regardless of the reason behind the SEC's decision, the drop of the lawsuit is a major victory for Ripple and the cryptocurrency industry as a whole. The move sends a positive signal about the potential for cryptocurrency to be regulated in a way that is supportive of innovation and growth.

As the cryptocurrency industry continues to evolve and grow, the SEC's decision to drop the lawsuit against Ripple is a significant development that could have far-reaching implications for the future of cryptocurrency regulation.