Lawyer Predicts Ripple vs. SEC May Conclude by May

user avatar

by Giorgi Kostiuk

2 years ago

Lawyer Jeremy Hogan suggests that the Ripple vs. SEC case might be settled by April or May. Both parties have appealed the court’s decision, gaining significant attention.

Context of the Ripple and SEC Case

The court ruled that Ripple’s $700 million institutional sales were illegal securities offerings, imposing a $125 million penalty. This penalty is currently on hold due to the appeals process.

Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal.Marc Fagel

Impact of SEC Leadership Change

The SEC’s leadership change on January 20 might influence the case’s outcome. Former SEC attorney Marc Fagel suggests the new administration might drop the appeal, potentially leading to a settlement.

Settlement Prospects

Pro-XRP lawyer Jeremy Hogan suggests a potential settlement could happen by April or May. This prediction has renewed interest in XRP.

The potential changes in SEC leadership and their decision on the appeal might be a key factor in reaching a settlement between Ripple and SEC.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Greek Servicemen Among Suspects in Cryptocurrency Pyramid Scheme

Two Greek servicemen are implicated in a cryptocurrency pyramid scheme that defrauded approximately 10,000 investors out of 8 million euros.

user avatarArif Mukhtar

MEXC and Payward Explore Collaboration at TOKEN2049

MEXC and Payward are exploring a collaboration to enhance user experience in digital asset trading.

user avatarMaria Gutierrez

Jay Clayton Transitions from Crypto Regulation to AI Leadership

Jay Clayton transitions from regulating cryptocurrency to leading U.S. government's AI initiatives.

user avatarDavid Robinson

Trump Launches New Task Force to Lead in Artificial Intelligence

President Trump has announced the creation of a Super Intelligence Force to coordinate federal efforts in maintaining U.S. leadership in artificial intelligence.

user avatarAndrew Smith

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.