XRP Lawsuit: Will Donald Trump Announcement Speed Up Ripple Vs SEC Resolution?

President Donald Trump’s move to add XRP to the US crypto reserve has fueled hopes for a swift resolution to the Ripple vs SEC case. While expectations increase, lawyer Jeremy Hogan, who has been vocal about the possible delays in XRP lawsuit, shares his take on the matter.

Let’s break down Jeremy Hogan’s recent statement and how Donald Trump’s decision could impact the Ripple vs SEC lawsuit.

How Will Donald Trump’s XRP Reserve Plan Influence the Lawsuit?

As Donald Trump has decided to include XRP to the US national reserve along with Bitcoin, Solana, and Cardano, the community is abuzz with enthusiasm. This has indeed fueled excitement over the imminent resolution of the long-anticipated XRP lawsuit. Despite growing optimism for an early dismissal, attorney Jeremy Hogan believes that the Ripple vs SEC case could still take until May to conclude.

Significantly, Jeremy Hogan shared his latest prediction via his X post. He stated that he expects the appeals to be dismissed by mid-April, with the entire case wrapping up by May. Meanwhile, an XRP community member asked the lawyer if XRP’s inclusion in the US crypto reserve could expedite the settlement. He responded skeptically, saying “I don’t think so…” However, he acknowledged the inherent uncertainty in estimating timelines, implying that his prediction is subject to change.

Is XRP Lawsuit Settlement Poised for Further Extension?

Hopes for a quick XRP lawsuit resolution continue to build. Nonetheless, experts like Jeremy Hogan and MetaLawMan have repeatedly cautioned that the case may face additional delays. Both of them pinpointed the complexities surrounding the Ripple lawsuit which could possibly lead to the case’s further extension.

According to Hogan’s recent comments, the delay is primarily linked to the injunction imposed by Judge Analisa Torres. This injunction restricts Ripple from selling securities to the public. In addition, it effectively limits Ripple’s ability to pursue a future Initial Public Offering (IPO). Hogan says Ripple Labs is trying to get the injunction lifted, which is holding up the case’s resolution.

XRP Price Skyrockets Fueled by Trump’s Reserve Plans

In an interesting development, Donald Trump has revealed his plans to establish a crypto reserve in the country, including Bitcoin, XRP, Solana, and Cardano. Though the development reportedly has no significant impact on the XRP lawsuit, it has had a massive influence on the overall crypto market. The market exhibited a significant resurgence with the market cap surging to $3 trillion, up by more than 5%.

Aligning with the broader trend, XRP price saw a remarkable uptick of 14.12% over the last 24 hours. Currently trading at $2.57, XRP has surged by 4.37% over the last week despite a monthly decline of 14%. Investor sentiment has also risen following the Trump decision which is indicated by the staggering 514% hike in the 24-hour trading volume, currently at $20.44 billion.

Despite the token’s notable performance, the XRP lawsuit’s imminent dismissal hangs in balance. It needs to be seen if the case will end by May or even extend further.