Andrew Parish—founder of the platform x 3 and a well-known XRP critic—claims to have new information from anonymous insiders at the US Securities and Exchange Commission (SEC) that the Ripple case could be ending soon.
How The XRP Lawsuit Could End Soon
Parish, who has previously taken a skeptical stance on XRP, shared on X that two SEC sources believe the legal battle between Ripple and the SEC is “very close to ending.”
According to Parish’s post, the insiders expect” XRP to get serious commodity consideration. Moreover, Parish shared two statements claiming a “greatly reduced fine; GREATLY reduced” and that the “new leadership knows this case and how they handle it is a big deal; precedent.”
Parish’s statements come as a surprise to some in the community, especially given his track record. When rumors previously circulated that XRP might be bought for inclusion in a prospective Strategic Crypto Reserve under US President Donald Trump, Parish maintained his skepticism.
At the time, he asserted—citing undisclosed insider sources—that XRP was never under serious consideration for the reserve. Following the official announcement of the Strategic Crypto Reserve, Parish continued to claim via X: “good amount of ‘I told you so’ from legal sources close to the SBR process: ‘this was the simplest path to the SBR’, ‘Bessent’s voice was critical to Bitcoin only,’ ‘Sacks is a valuable asset; unfair criticism the past week’ and ‘told you no XRP, was never a serious consideration.’
Despite Parish’s past skepticism, his most recent post about alleged insider confirmations was met with cautious optimism within the community. Lawyer Fred Rispoli took to X to remark: “When Andrew’s sources are negative to XRP, I don’t believe them. When they are positive, I do. That’s not hypocrisy. It’s unbridled hope.”
Parallel Rumors From Other Sources
Parish’s statements are not the only ones fueling speculation. Last week, Fox Business journalist Eleanor Terrett wrote on X about similar rumors pointing to a swift conclusion of the SEC’s case against Ripple. She noted: “SCOOP: Two well-placed sources tell me that the SEC vs. Ripple case is in the process of wrapping up and could be over soon.”
Terrett elaborated that the delay in reaching a settlement might stem from negotiations over the terms set by the August district court ruling. That ruling reportedly imposed a $125 million fine on Ripple and included a permanent injunction preventing institutional sales of XRP.
She further commented that Ripple’s legal team is pushing to eliminate—or at least reduce—these penalties if the SEC now believes clarity and updated leadership could supersede earlier enforcement methods: “The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized?”
Terrett stressed the unprecedented nature of this scenario as a possible reason for the extended timeline: “There’s no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest.”
Neither the SEC nor Ripple has issued any official statements confirming or denying these reported leaks.
At press time, XRP traded at $2.33.
