XRP lawyer believes SEC-Ripple lawsuit is nearing completion
Ripple supporters and legal experts await the SEC’s next move
Legal experts tracking the long-running litigation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) suggest that the matter could be resolved soon.
Jeremy Hogan, an attorney for Ripple, believes that either a settlement or dismissal of the case is likely to happen by April or May 2025, Coingape informs.
XRP litigation could be finalized by May
Hogan, a well-known advocate for Ripple’s interests, made his assessment based on the ongoing procedural developments and the expected changes in the regulatory landscape. The lawsuit, which centers around whether Ripple’s XRP token constitutes an unregistered security, has been a significant point of contention for the cryptocurrency industry. The case has dragged on for several years, with Ripple fiercely defending its position and the SEC asserting its authority over digital assets.
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Despite the uncertainty surrounding the final decision, Hogan believes the timeline for a resolution is becoming clearer. While acknowledging that a decision by February may be possible, he emphasized that the extensive paperwork and coordination required between the SEC and involved parties will likely push the conclusion further into spring 2025.
The case could be significantly impacted by upcoming shifts in leadership at the SEC. As Gary Gensler prepares to leave his position as SEC Chairman, the nomination of Paul Atkins, a figure seen as more sympathetic to the cryptocurrency industry, has sparked anticipation of a favorable outcome for Ripple. CEO Brad Garlinghouse has expressed optimism about working with the new SEC leadership to bring clarity to the industry.
Key developments and upcoming challenges
As the January 15 deadline approaches for the SEC to file an opening brief in the case, the legal battle continues to unfold. Gensler’s departure, combined with the changing regulatory landscape under the potential influence of a pro-crypto administration, could play a decisive role in bringing the case to a close.
For now, Ripple supporters and legal experts await the SEC’s next move, with hopes that the resolution will pave the way for greater regulatory certainty in the cryptocurrency space. The outcome could have far-reaching implications for how digital assets are regulated in the U.S.
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