The ongoing lawsuit between Ripple 
$2 and the U.S. Securities and Exchange Commission (SEC) is back in the spotlight. As the SEC’s deadline for filing its initial plea approaches, a former SEC attorney has suggested that a resolution to the case may be likely at this early stage. Following Judge Analisa Torres’ remarks that affirm previous rulings, it is speculated that the Trump administration and SEC Chair Paul Atkins may opt not to appeal in the XRP case.
Former SEC Attorney: Settlement Likely in Ripple SEC Case
Former SEC attorney Marc Fagel stated on January 6 that the government body experienced both wins and losses in the case. He emphasized that appealing the parts they lost would necessitate a compromise between Ripple and the SEC.
“Both parties appealed the parts they lost. Therefore, the criminal appeal process has not yet been implemented while waiting,” Fagel added, noting that Ripple may have to pay a $125 million fine due to its sale of $700 million worth of unregistered securities to institutional investors.
Pro-XRP Lawyer Predicts Timeline for XRP Case
As reported by CoinGape Media, attorney Jeremy Hogan predicts that the Ripple SEC case may conclude in April or May. Hogan pointed out that a decision may not come before those dates due to the time required for reports, notes, and necessary SEC meetings.
“I think the most likely scenario for the Ripple case is timing that could be around April or May?”
— Jeremy Hogan
Hogan reiterated today that Paul Atkins will likely drop the appeal and that the XRP case could be resolved by 2025.
What to Expect Under Paul Atkins’ Leadership?
Experts and the crypto community believe that resolving the Ripple SEC case could increase the chances of XRP ETF approval, potentially driving up the XRP price. Ripple CEO Brad Garlinghouse criticized the SEC, stating that hundreds of thousands of dollars in business opportunities have been frozen for years.
Analysts expect the XRP price to rise to double digits, similar to the 400% increase following Trump’s re-election. They predict that XRP will consolidate in its current range before continuing to rise to new record levels.
CrediBULL Crypto analyst commented, “We are currently trading at the level where I closed my previous long position. Liquidity in local supply is above us. We are currently monitoring the orange zone for another potential long trade.”
In conclusion, the ongoing legal proceedings between Ripple and the SEC are viewed as having the potential for a settlement that could positively affect the XRP ecosystem and its prices. Furthermore, the future policies of the SEC continue to be a topic of speculation regarding their impact on the crypto market.
