The prolonged legal battle between Ripple and the SEC may be nearing a conclusion. Legal analyst Jeremy Hogan shared insights on how the case could be swiftly resolved.
Possibility of a Private Settlement
According to Hogan, the quickest path to resolution lies in a confidential settlement between Ripple and the SEC. To expedite the process, both parties must reach a private agreement, withdraw the appeal, and avoid returning the settlement terms to the court for approval.
The SEC’s Injunction as an Obstacle
Despite the potential for a private settlement, a major legal obstacle is the SEC's lawsuit against Ripple. Hogan noted that the SEC would need to agree not to enforce this injunction, which seems unlikely given their aggressive stance on crypto regulation.
Is Ripple Pushing for More Favorable Terms?
Other legal experts, including attorney James Murphy, have suggested that Ripple might be delaying the process to secure more favorable terms. They might attempt to eliminate restrictive language that implies liability or misconduct.
If an agreement is reached, it could set a landmark precedent for the crypto industry. The final settlement terms may have significant implications for the future regulation of digital assets.
