Legal Expert Reveals What’s Next For Ripple Lawsuit
The U.S. crypto industry is undergoing major changes, especially as the Securities and Exchange Commission (SEC) under Trump-era leaders took steps to dismiss several high-profile lawsuits against major cryptocurrency companies. But a legal battle continues – a lawsuit between the SEC and Ripple (XRP) is underway.
Although cases involving companies such as Opensea, Robinhood, Uniswap (Uni), Gemini, Metamask and Coinbase are being dismissed, Ripple’s case remains unresolved.
Meanwhile, President Trump’s recent announcement about strategic U.S. cryptocurrency reserves, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (Sol) (Sol) and Cardano (ADA), has increased speculation. Investors now wonder whether XRP will quickly resolve ongoing cases, and many believe that the SEC may soon withdraw its lawsuit.
What’s next for corrugated litigation?
Legal expert Jeremy Hogan recently revealed delays in resolving the Ripple case, suggesting a significant injunction in Judge Torres’s judgment, which prevented Ripple from selling directly to customers. Hogan explained that despite the solution, Ripple is reluctant to break the ban. Once such an order is issued by the court, the parties concerned cannot simply agree to ignore it, making it a challenging obstacle.
To dissolve the injunction, Ripple needs to seek “rescue from judgment” under Article 60 of the Federal Rules of Civil Procedure. However, this is not an easy process, and changes in SEC’s encryption regulations will not automatically eliminate court rulings. According to Howey’s test, the court’s judgment is independent of any rules that the SEC may enforce.
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Still, Ripple has the possibility of solving this problem, but it requires careful legal manipulation. Hogan said the court would need to exercise discretion, which could be a strong argument if both Ripple and the SEC agreed to request the dissolution of the injunction. Ripple’s case can be resolved in late April or early May.