Attorney Jeremy Hogan Predicts Ripple vs SEC Case Could Be Resolved by May
The cryptocurrency community is awaiting the conclusion of the long-running Ripple vs. SEC case, with the Trump administration quickly coming to terms with the charges and Paul Atkins taking over as the next SEC chairman. Notably, a senior lawyer following the case predicted that the case could be resolved in April or May of this year.
Donald Trump’s victory and the appointment of Paul Atkins as SEC Chairman are seen as positive for Ripple and XRP. Ripple CEO Brad Garlinghouse has expressed a desire to work with the new SEC, raising hopes for progress and clarity, as well as a possible dismissal of the XRP lawsuit appeal.
Notably, attorney Jeremy Hogan responded to an X post regarding the possibility of the Ripple v. SEC case being dismissed, settled, or dropped in February.
“I would say it’s possible, but maybe unlikely,” he noted. “40 days is not a lot of time to gather reports, memos, hold necessary SEC meetings, etc. I would consider April/May as a possible time frame,” he further added.
He believes the decision could take time due to the need for reports, memos and SEC meetings, but still expects a dismissal or settlement by April or May.
change of approach
Recently, in a interview Amanda Tuminelli of the DeFi Education Fund noted in Thinking Crypto that while a complete abandonment of litigation may not happen anytime soon, there may be a shift in approach.
Tuminelli believes the SEC may pursue a favorable settlement, called a “consent order,” in which the parties negotiate a settlement and the court ensures the terms are followed, allowing the case to be resolved without abandoning it entirely.
As the January 15 deadline approaches, U.S. SEC Chairman Gary Gensler and lead litigation attorney Jorge Tenreiro may be preparing to file opening briefs in the XRP lawsuit. The U.S. Securities and Exchange Commission may make a last-minute filing before cryptocurrency proponent Paul Atkins takes over, which could create challenges for Ripple.
As Ripple’s defense intensifies, Gensler’s brief brief may be the SEC’s last attempt to strengthen its case. The move demonstrates the SEC’s determination to maintain regulatory control over digital assets while the outcome remains uncertain.
Still, the XRP community remains hopeful about positive developments, including the launch of an XRP ETF and price increases. Notably, if the XRP lawsuit is dismissed, an XRP ETF could be approved and the price could soar above $10 as investors gain legal clarity.
