Lawyer Predicts Ripple vs. SEC May Conclude by May

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.

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