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Highlights
- Lawyer Jeremy Hogan believes potential end of Ripple vs SEC lawsuit in next few months.
- Ripple and XRP would likely see significant growth under new SEC Chair Paul Atkins and pro-crypto Trump admin.
- The XPR lawsuit may see a last-minute filing as Gary Gensler departs.
The prospect of the XRP lawsuit has come to the fore with current SEC Chair Gary Gensler to depart and Paul Atkins on the row to take over under the pro-crypto Trump administration. Notably, crypto enthusiasts following the case expect an end to the suit in the coming weeks. A top lawyer closely following the Ripple vs SEC lawsuit development predicts the potential resolution of the case by April or May this year.
Pro-XRP Attorney Says XRP Lawsuit To Likely End By May
Donald Trump’s win in the US presidential election and nomination of pro-crypto Paul Atkins as US SEC Chair were seen as major advantages for Ripple and XRP. CEO Brad Garlinghouse expressed his intention to work with the new SEC, boosting developments and regulatory clarity. It also sparked anticipation for the likely dismissal or withdrawal of the XRP lawsuit appeal.
Interestingly, attorney Jeremy Hogan responded to a post on X about the odds of Ripple vs SEC case getting dismissed, settled or dropped by February. Hogan responded, “I’d say it’s possible but maybe unlikely.”
He added that the decision may not come earlier as it takes a lot of time to get reports together, memos, have the requisite SEC meetings, and others. Still, Hogan expects either dismissal or settlement in April or May.
I'd say it's possible but maybe unlikely. 40 days is not a lot of time to get reports together, memos, have the requisite SEC meetings, etc.. I'm going with April/May as a likely timeframe.
— Jeremy Hogan (@attorneyjeremy1) January 3, 2025
US SEC Preparing for Opening Brief in Ripple Case Appeal
Meanwhile, US SEC Chairman Gary Gensler and Chief Litigation Counsel Jorge Tenreiro to likely preparing to file an opening brief in the XRP lawsuit as the January 15 deadline approaches.
As CoinGape reported, the SEC should be deliberating a last-minute filing related to appeals in Ripple Vs SEC case before pro-crypto Paul Atkins takes over. This could leave Ripple with challenges, while the XRP community awaits positive developments including XRP ETF launch and XRP price rally.
If the lawsuit gets dismissed, it will open doors for XPP ETF approval. The filings by several issuers including Bitwise, Canary Capital and 21Shares remained on the table for months. Moreover, XRP price will cross $10 as institutional and retail investors flock to invest in the asset with legal clarity.
XRP price jumped more than 1% in the past 24 hours, with the price currently trading at $2.45. The 24-hour low and high are $2.43 and $2.50, respectively. However, the trading volume has decreased by 15% in the last 24 hours, indicating a decline in interest among traders.
XRP price prediction by CoinGape signals rally to $15 soon as Ripple CEO Brad Garlinghouse welcomes incoming pro-crypto US Congress.
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