As a seasoned analyst with over two decades of experience under my belt, I find myself intrigued by Jeremy Hogan’s predictions regarding the future of Ripple, Coinbase, and other similar lawsuits in 2025. His insights are informed by his keen understanding of regulatory trends and legal nuances within the crypto space.
Lawyer and XRP supporter Jeremy Hogan shares his forecast on potential future developments regarding Ripple, Coinbase, and comparable legal actions, as per a recent detailed tweet, in the year 2025.
Despite some ambiguity about the particulars, Hogan managed to make some educated guesses following the insights shared by ex-SEC official John Reed Stark.
Further along, Hogan laid out several potential possibilities he foresees: Firstly, he speculates that SEC Chair Gary Gensler could resign before January 20, 2025.
After making this move, Hogan anticipates that the new SEC leader or interim will instruct their team to close all crypto cases without fraud allegations. Hogan portrayed this situation as the legal team is examining each case, suggesting either a settlement or dismissal, and then presenting these recommendations to the commissioners for approval. The commissioners are expected to vote in favor of these suggestions.
Moving forward, could we discuss what might transpire in the Ripple vs. SEC case (and similar cases like Coinbase) next year?
— Jeremy Hogan (@attorneyjeremy1) November 8, 2024
Later, Hogan elaborated on particular lawsuits including Ripple’s, expressing that cases like these or any with a verdict would essentially be resolved by paying out the awarded sum, which in the case of Ripple stands at $125 million.
As a confident crypto investor, I’m optimistically looking forward to the dismissal of ongoing lawsuits involving Coinbase and others. While I understand that it might not be resolved by January, I’m hopeful that this situation will find resolution by the summertime.
In June 2023, the Securities and Exchange Commission (SEC) accused Coinbase of running an unlicensed securities trading platform.
Timeline and expectations in Ripple lawsuit
On October 2nd, the Securities and Exchange Commission (SEC) declared their intention to challenge the court’s ruling that certain past XRP distributions by Ripple were considered securities. However, it’s crucial to understand that the SEC’s appeal doesn’t concern whether XRP itself qualifies as a security.
Although it was disappointing that the SEC decided to contest previous rulings, this outcome wasn’t entirely surprising, considering the aggressive stance the agency has taken in its battle against digital currencies.
On October 24th, Ripple filed Form C outlining the issues it plans to address in its cross-appeal. Since both parties are contesting the court’s verdict, Ripple placed the $125 million designated for remedies into a secure escrow account.
According to Ripple’s Q3, 2024 XRP Markets Report, it appears that the appeal hearing might extend into the first half of 2025. Following this, there will likely be an argument presented before the appellate court in autumn 2025. A final decision from the court is expected after this process.
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2024-11-08 14:27