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- Crypto advocate Jeremy Hogan has shared his perspective on the possible resolution of the SEC case against Ripple; he believes the lengthy lawsuit could conclude by April or May of 2025.
- The timing of these statements is significant as the SEC braces for Gary Gensler’s resignation and Paul Atkins is set to take over, coinciding with Donald Trump’s upcoming inauguration.
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been a focal point of discussion within the cryptocurrency community. As the lawsuit continues to unfold, recent comments from Jeremy Hogan, a prominent pro-XRP attorney, have sparked renewed speculation about the possibility of a settlement in this high-stakes case concerning XRP, Ripple’s native cryptocurrency.
Jeremy Hogan’s Thoughts on a Settlement
Jeremy Hogan recently weighed in on the potential timeline for a settlement, suggesting that the prolonged lawsuit could come to an end by April or May of 2025. Hogan’s comments were grounded in the fact that the Ripple case involves no fraud or investor harm, which he believes could expedite its resolution.
His comments came in response to a question from Johnny Crypto, who inquired about the likelihood of Paul Atkins dropping the appeal. Hogan, however, cautioned the XRP community, stating that the brief filed by the SEC would not necessarily determine the final outcome of the case.
For context, the SEC filed an appeal after Judge Analisa Torres issued her August 7, 2024, ruling in favor of Ripple. Notably, the court approved a $125 million settlement between Ripple and the SEC, with the potential for the regulator to finalize the matter if it chooses to settle the case. This ruling sparked optimism, but the SEC’s unexpected appeal threw a wrench into the proceedings.
On October 2, 2024, the SEC filed an official appeal notice, signaling its intention to challenge the court’s decision. Within 15 days, the agency also submitted Form C, which provided additional details about the appeal. This filing raised more questions about the case’s future, fueling further speculation regarding the potential outcomes.
The SEC was granted a 91-day period to file its main brief after submitting Form C, a document that would outline the agency’s arguments for its appeal. However, in late October 2024, the SEC requested an extension for filing the main brief. The request sought to extend the deadline to January 15.
As the case drags on, the change in SEC leadership, with Paul Atkins, a nominee under Donald Trump, poised to take over, could expedite a resolution. This has sparked growing speculation that a settlement might be reached eventually. Such an outcome could also increase the likelihood of an XRP ETF approval, making the cryptocurrency an even more appealing investment opportunity.
The legal battle has had a significant impact on XRP’s price. When the SEC filed its lawsuit in December 2020, XRP’s value dropped sharply from $0.50 to $0.17, representing a 66% decrease. However, if the case concludes in Ripple’s favor, experts predict a potential surge in XRP’s price, possibly reaching $4, surpassing its previous all-time high of $3.40 in 2018. Currently, XRP is trading at $2.44, reflecting a 2.56% increase in the last 24 hours and a solid 18.03% rise since the start of 2025.
