The legal battle between Ripple and the SEC has drawn intense scrutiny from the crypto community, with speculation regarding the next steps dominating discussions.
Prospects of Case Outcomes
Vincent Van Code outlined three possible scenarios for the Ripple-SEC case: continuing the case, dismissing the appeal, and reaching a settlement. Van Code considered continuing the case unlikely, stating that it does not align with the administration’s new strategies and could prolong for another two years. Dismissing the appeal is possible but requires strong grounds. The most practical and time-efficient solution, according to Van Code, is reaching a settlement, which could conclude in four to six months.
Legal Experts' Opinions
Legal expert Bill Morgan favored the dismissal scenario, calling it very likely. Although Jeremy Hogan did not respond, he has previously commented on the potential for the new administration to dismiss the lawsuit. One reason for potential dismissal is the SEC’s lack of grounds to proceed with the appeal, especially after a budget cut and the evolving regulatory environment.
Crypto Community Reactions
The broader crypto community weighed in on potential outcomes. One commenter echoed Morgan's sentiment, suggesting the appeal might be dropped, allowing Ripple to pay the $125M fine. Another member emphasized that dismissing the appeal could hit the previous administration. The general consensus in the crypto community leans towards the dismissal of the case.
Experts and the crypto community largely agree that the Ripple case may be dismissed. All eyes are now on newly appointed acting SEC Chair Mark Uyeda's next steps.
