Donald Trump's victory in the 2024 U.S. presidential election has sparked hopes among cryptocurrency supporters for a favorable outcome in Ripple's legal battle with the SEC. Legal expert Jeremy Hogan shared his insights on potential changes in Ripple's legal struggle with the SEC and similar cases.
Trump's Victory and Crypto Enthusiasts' Hopes
Trump's election win brings optimism among crypto supporters who are hopeful for changes in regulatory approaches and resolutions in ongoing cases like Ripple's lawsuit against the SEC.
Ripple vs. SEC Case: What to Expect
Legal expert Jeremy Hogan suggests that the Ripple-SEC lawsuit might conclude after Trump's inauguration. If SEC Chair Gary Gensler steps down before January 20, new administrative leadership could expedite the closure of non-fraud-related cases. Hogan predicts that the Ripple case might settle for the previously court-set amount of $125 million under the new administration.
Expected Timeline for Resolutions
Hogan notes that changes won't happen overnight. While January might be too soon, he predicts that by summer 2024, significant steps toward resolving similar cases could be expected.
Donald Trump's election victory holds the promise of changing the SEC's approach to cases against crypto companies, leading to clearer regulations for digital assets.
