Ripple SEC Case: Ex-SEC Lawyer Affirms Settlement in XRP Lawsuit

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Discussion about the Ripple SEC case is resurfacing since the deadline for the U.S. Securities and Exchange Commission (SEC) to submit their opening statement nears. A legal expert who previously worked for the US SEC predicts that both parties might reach an agreement, as Judge Analisa Torres ruled earlier. The incoming Trump administration and the new SEC Chair Paul Atkins might opt not to proceed with the appeal in the XRP lawsuit.

Ex-SEC Lawyer Says Settlement in Ripple SEC Case Most Likely

Marc Fagel, a previous attorney for SEC enforcement, expressed on January 6th that while the government agency didn’t entirely win or lose, there was a partial victory and partial defeat. As both Ripple and the SEC contested the parts they lost, it necessitates a compromise between the parties to reach a settlement.

Since both sides have challenged the decision that went against them, the imposed penalty has been temporarily suspended until the appeal process is complete. In response to Ripple’s violation of selling $700 million worth of unregistered securities to institutional investors, the court mandated a $125 million penalty.

According to Marc Fagel’s viewpoint, it’s likely that the new SEC administration may decide against appealing the Ripple case, leading to a settlement based on the court’s decision. However, he also emphasized that under Gary Gensler’s leadership, the SEC is expected to file an appeal by January 15.

Pro-XRP Lawyer Expect May End Timeline for XRP Lawsuit

According to initial reporting from CoinGape Media, attorney Jeremy Hogan has speculated that the Ripple vs. SEC court case could reach its conclusion in April or May. He noted, however, that this timeline might be extended due to the need for various reports, memos, meetings with the SEC, and other necessary procedures which can take a considerable amount of time.

Today, it was mentioned once more that Paul Atkins is expected to withdraw his appeal and reach a settlement with Ripple to conclude the XRP lawsuit by the year 2025.

It seems quite plausible to me (particularly considering the Ripple situation as an example of no fraud and no harm to investors), but pinpointing the exact timeframe, such as April or May, can be rather challenging.

— Jeremy Hogan (@attorneyjeremy1) January 5, 2025

What’s Next Under Paul Atkins?

It’s widely thought among experts and cryptocurrency enthusiasts that the resolution of the Ripple SEC lawsuit could increase the chances of XRP ETF (Exchange-Traded Fund) approval. If this happens, it might lead to an uptick in the value of XRP.

In a recent post, CEO Brad Garlinghouse criticized the Securities and Exchange Commission (SEC), particularly under the leadership of Gary Gensler, stating that their actions have halted business opportunities for Ripple within the United States for several years. Noteworthy is the fact that 75% of Ripple’s open job positions are currently based in the U.S., and the company has recently secured new contracts within the country over the past six weeks.

The team around Trump is sparking innovation and job growth in the U.S., with figures like Scott Bessent, David Sacks, Paul Atkins, and others leading the charge – all before they’ve even taken office! Critics may argue, but the ‘Trump influence’ seems to be propelling cryptocurrencies to new heights again.

Analysts predict that the value of XRP could surge again towards double digits, much like the 400% increase observed following President Trump’s re-election.

According to analyst CrediBull Crypto, over the next few weeks, XRP’s price may stay within its current range before surging towards a new record high. He anticipates this bullish movement after noting that there is some liquidity above the current level, which aligns with a potential local supply. In other words, he believes there could be another opportunity for a long trade in the upcoming “orange zone”.

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2025-01-06 14:28