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Crypto investors not only need to follow famous analysts but also famous lawyers. Regulatory pressure is threatening a significant portion of altcoins. Currently, there is an ongoing battle between SEC and XRP Coin. So, what will SEC do after receiving a negative response to its appeal?
Current Status of XRP Coin Lawsuit
As you may recall, in the Ripple case, the summary judgment was taken to the intermediate appeal by the SEC on July 13. However, intermediate appeals are considered in terms of their contribution to the case in US courts. The request for the SEC to take the secondary market sales to the intermediate appeal was not accepted by the Judge. This decision was expected to be made by September 1. However, the decision was delayed until October.
The XRP Coin price did not increase as expected after this good news. Now it’s time to look at what will happen next. Jeremy Hogan, who closely follows the Ripple case, points out three possibilities.
Ripple Lawsuit
SEC has the right to appeal all cases when the whole case is over and when the final decision is made.
“First Possibility: SEC continues the trial against individual defendants in April next year. We can give it a 39% chance. The judge left only the hardest part of the case for trial. If the SEC goes to court, the appeal application cannot be made until 2025. This means that the appeal decision will probably not be made until 2026. Even if the SEC wins the appeal, the case will most likely be sent back to Judge Torres for further litigation.”
So, does SEC want to take the whole case to trial and then appeal the parts of the decision that it does not like against Ripple? It’s fair enough, but the most likely outcome in this case is a final resolution in 2027. Exactly on June 14, 2027.”
The second possibility is that SEC can conclude the case against individual defendants and proceed with a Final Judgment against Ripple, and then appeal. Hogan gives this a less likely chance of 32.1%.
“This is the best option for the SEC. That’s why I doubt they will do it.
Settling with individual defendants would take SEC to the appellate court about 9-12 months faster, saving resources (and reputation) by bypassing a very difficult and extensive case.
After the settlement of individuals, the case will go directly to the ‘remedy’ case. However, completing the compensation case will still take months. This was also part of the SEC’s argument for needing early appeal.
This option would still stretch into the depths of 2026. Exactly on August 14, 2026.”
And here is the last path that can be followed.
“SEC closes all cases against Ripple and individual defendants. Yes, this can happen at a settlement conference. SEC has been very reluctant to settle so far.”
