Attorney Jeremy Hogan shares insights on the potential timeline for resolving the XRP vs SEC case. The predictions and key dates are discussed.
Timeline Predictions and SEC Process
Jeremy Hogan expressed skepticism about a rapid resolution in the XRP vs SEC case, suggesting it could extend to April or May. The SEC's complex administrative procedures require detailed documentation and numerous internal meetings.
Key Dates and Market Impacts
The SEC faces a crucial deadline on January 15, 2025, for filing its appellate brief with the U.S. Court of Appeals. The SEC's announcements have led to an 11% decline in XRP price, especially after challenging the ruling that XRP was not a security in retail transactions.
Broader Implications for the Crypto Industry
The ongoing SEC appeal might influence the approval of XRP ETF applications, including Bitwise's recent filing, amid increased regulatory scrutiny.
As the XRP vs SEC litigation continues, the crypto industry awaits potential ramifications of these decisions on the broader sector.
