News

XRP Lawsuit: What Could Be SEC’s Next Move If It Loses Summary Judgment? Attorney Suggests

There are many speculations running around the ruling in the XRP lawsuit. However, an Attorney linked to the case sugg
Published by
XRP Lawsuit: What Could Be SEC’s Next Move If It Loses Summary Judgment? Attorney Suggests

The ruling over the Summary Judgment in the crucial U.S. Securities and Exchange Commission (SEC) Vs Ripple Lawsuit. However, an attorney linked to the XRP lawsuit has laid out suggestions over what could be the next legal move that the SEC can exercise.

Advertisement

SEC to put another delay in XRP lawsuit?

As per the reports, SEC, Ripple, and Defendants in the XRP lawsuit have submitted their final briefs to the District Court asking the judge to produce a ruling in their favor.

Attorney Jeremy Hogan suggested that the SEC could move for reconsideration of the Summary Judgment before appealing it. However, he is uncertain that the commission would appeal a loss as its looks too dangerous.

Hogan highlighted that if the SEC loses on appeal it will project a controlling case authority. As expected this move can lead the commission to lose all cases in the 2nd circuit. Attorney hints that the SEC would risk that.

Advertisement

Is SEC willing to take a loss?

Hogan added that it will be better for the watchdog to take a loss in the XRP lawsuit and then it can move on to focus on the fraud and illicit activities in the market. Attorney mentioned that the judge hates the reconsideration.

However, the commission has already taken a move for reconsideration in the XRP lawsuit and if it does this again then it will bring nothing new to the table.

The attorney further suggested that if Ripple can win on Section 5 at summary judgment would truly end the case. However, this can open the path to relisting the XRP on crypto exchanges.

Advertisement
Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’

The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said…

October 30, 2025
  • News

FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year

The U.S. Federal Reserve has announced it has lowered the interest rate by another 25…

October 29, 2025
  • News

WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial

World Liberty Financial (WLFI) has appointed Mack McCain as its new General Counsel. This marks…

October 29, 2025
  • News

Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge

Binance founder Changpeng Zhao (CZ) has publicly distanced himself from a newly launched token inspired…

October 29, 2025
  • News

Markets Expect October Fed Rate Cut as Bitcoin Repeats Post-FOMC Pattern

Bitcoin traders are preparing for a rise or fall in the price of Bitcoin, as…

October 29, 2025
  • News

Trump Tariff: China Resumes U.S. Imports After Agreement With South Korea

Trump tariff tensions have begun to ease as China resumed purchasing U.S. agricultural products for…

October 29, 2025