The fight between crypto and regulators is far from over. While some lawsuits have been settled, several major names in the crypto world are still locked in ongoing legal battles with the U.S. Securities and Exchange Commission (SEC).
As of 2025, these are the key crypto-related SEC cases that remain active. Whether you're an investor, trader, or just following the space, these are the ones to keep an eye on:
🔍 Ongoing SEC Cases in Crypto:
✅ Ripple Labs
Still one of the most talked-about cases in crypto. After a partial victory in 2023, Ripple is now in the appeal and penalty phase as the final terms are worked out. The outcome could set an important precedent for how tokens like XRP are treated in the U.S.
✅ Binance
The SEC case against Binance was paused for 60 days in February 2025 to allow settlement negotiations. But don’t get it twisted—the case is still active and unresolved. Everyone's waiting to see how this one plays out, especially with Binance’s global influence.
✅ Kraken
Kraken has been battling a lawsuit since November 2023, and despite several efforts to get the case dismissed, it’s still moving forward. The SEC is sticking to its claims, and Kraken continues to fight back.
✅ Bittrex
Even though Bittrex reached a settlement, there are still post-settlement conditions and monitoring in place. So while the major penalties are done, the SEC isn’t entirely out of the picture here.
✅ Cumberland
A bit quieter than some of the others, but the SEC's case against Cumberland, a well-known crypto trading firm, is still active. Details are limited, but it’s another one on the list that hasn’t wrapped up yet.
✅ Richard Heart (Hex, PulseChain, PulseX)
The SEC’s case against Richard Heart, launched in July 2023, is still open. This one focuses on alleged fraud and securities violations tied to the projects Hex, PulseChain, and PulseX.
✅ Dragonchain
Another ongoing enforcement action with few public updates. But according to filings, the SEC's case against Dragonchain is still very much alive.
✅ TRON (Justin Sun)
Just like Binance, the SEC paused its case against Justin Sun and TRON in February 2025 for 60 days while settlement talks are happening. But again, the case hasn’t been dropped—negotiations are still in progress.
🧠 Why These Cases Matter
These aren’t just headline news—they're shaping the future of crypto in the United States. The outcomes could affect everything from token classifications to how exchanges operate and what projects are allowed to launch in the U.S.
For investors, these cases are worth watching. Legal clarity (or lack of it) can have a major impact on prices, project development, and the overall health of the crypto industry.
🔔 Stay Informed
We'll continue covering these cases as they develop. If you're serious about understanding crypto beyond just charts and prices, knowing the legal landscape is just as important.
Make sure you check back for updates on these cases and what they mean for the future of crypto in the U.S. and around the world.
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