- Crypto advocate Jeremy Hogan shared his thoughts on the potential resolution of the SEC’s case against Ripple. He believes that the long-running lawsuit may be resolved by April orMay 2025.
- It is important to note that these statements were made at a time when the SEC was preparing itself for Gary Gensler’s departure and Paul Atkins’s expected appointment, which coincides with Donald Trump’s forthcoming inauguration.
In the cryptocurrency world, the legal dispute between Ripple and U.S. Securities and Exchange Commission has become a hot topic. The lawsuit is still unfolding, and recent statements from Ripple have been of interest. Jeremy Hogan, a prominent pro XRP lawyer, has sparked new speculation regarding the possibility of a resolution in this high stakes case involving XRP. Ripple’s native cryptocurrency.
Jeremy Hogan’s Thoughts on a Settlement
Jeremy Hogan recently weighed In terms of a timeline, Hogan suggested that the lengthy lawsuit may be settled by 2025. Hogan’s remarks were based on the fact that Ripple does not involve fraud or harm to investors, and he thinks this could speed up the resolution of the case.
He made his comments in response to an inquiry from Johnny CryptoPaul Atkins’s appeal is likely to be dropped, he asked. Hogan cautioned XRP’s community by stating the SEC brief will not always determine the end result of the lawsuit.
The SEC appealed after Judge Analisa Torres’ ruling on August 7, 2024 in Ripple’s favor. Noteworthy, the court has approved a $125-million settlement between Ripple & the SECIf the regulator decides to resolve the case, it could finalize matters. The SEC unexpectedly appealed the ruling, which threw the whole process into disarray.
In October 2024, SEC filed its official notice of appeal, indicating that it intends to contest the Court’s ruling. The agency submitted Form C within 15 days. This provided more details regarding the appeal. This filed raised even more questions as to the outcome of the appeal, and fuelled further speculation.
The SEC had 91 days after filing Form C to present its argument for appeal. In late October of 2024, SEC asked for an extension to file the main brief. It was requested that the deadline be extended to January 15, 2024.
The SEC’s leadership has changed as the case continues. Paul AtkinsA Trump nominee who was poised for the presidency could speed up a solution. The speculation has grown that an agreement might eventually be reached. A positive outcome would also make it more likely that an XRP ETF will be approved. The cryptocurrency could become an even better investment.
Legal battles have had a major impact on XRP’s price. XRP fell from $0.50 per unit to $0.17 in value when the SEC sued it. That’s a huge 66% decline. If the Ripple case is won, analysts predict that XRP could reach $4 and surpass its all-time record of $3.40 from 2018. Currently, XRP has a price of $0.30. trading At $2.44The price of reflects a 2.56 percent increase over the past 24 hours, and an 18.03 percent rise from the beginning of 2025.
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Source: www.crypto-news-flash.com
