XRP Lawsuit: Lawyer Estimates Maximum Timeframe for Ripple vs SEC Case Dismissal

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In the midst of the SEC’s rather cheerful demeanor towards XRP exchange-traded funds (ETFs), one can’t help but feel a twinge of anxiety akin to waiting for a kettle to boil. The recent settlement of the Coinbase case has sent ripples of optimism through the community, much like a well-placed whoopee cushion at a formal dinner. Legal sage Jeremy Hogan has ventured to predict that a settlement in the Ripple vs. SEC saga could be on the cards as early as Q2 2025. Fancy that! 🎩

Will XRP Lawsuit be Settled by May 2025?

As the community holds its collective breath, awaiting the grand finale of the XRP lawsuit, our dear advocate Jeremy Hogan has shared his pearls of wisdom. In a post on X, Hogan mused that the Ripple vs. SEC case might just wrap up by the first half of April or early May. However, he was quick to add that this prediction is more of a hunch than a solid fact—much like guessing the number of jellybeans in a jar. 🍬

Hogan’s musings were in response to a query from Good Morning Crypto host Johnny Krypto, who, in a moment of sheer curiosity, asked Hogan if he thought the XRP case could be dropped sooner than anticipated or if May still felt like the right month for a grand exit. A question worthy of a Sherlock Holmes investigation, if I may say! 🕵️‍♂️

Coinbase Case Closure and XRP Lawsuit Settlement

In a twist that could rival any good detective novel, the US SEC has decided to drop the long-standing Coinbase lawsuit, marking a significant milestone in the crypto realm. This move not only highlights the SEC’s regulatory changes but also suggests they might be trying to establish a more hospitable environment for crypto—like turning a grumpy old uncle into a jolly Santa Claus. 🎅

In celebration of this momentous occasion, Coinbase CEO Brian Armstrong took to X to announce that the platform had reached an agreement with the SEC after “years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country.” Quite the understatement, wouldn’t you agree? 😅

Meanwhile, Jeremy Hogan views the Coinbase suit’s dismissal with prejudice as a resounding victory, akin to winning a game of chess in three moves. This means the SEC can’t just waltz back in and refile the case—no second chances here! 🏆

Notably, Hogan suggests that the SEC’s bold maneuver indicates they’re not twiddling their thumbs waiting for Commissioner Atkins’ confirmation. This could mean more crypto-friendly actions are on the horizon, possibly hinting at an XRP lawsuit settlement sooner than one might expect. Exciting times ahead! 🚀

SEC’s XRP ETF Acknowledgements Spark Enthusiasm

In recent days, the SEC has taken significant strides towards potentially approving XRP ETFs, which is about as thrilling as finding a forgotten £20 note in an old coat pocket. They’ve acknowledged XRP ETF applications from several asset managers, including Grayscale, 21Shares, CoinShares, Bitwise, and Canary Capital. Quite the lineup! 🎉

This optimistic turn of events, combined with the SEC’s decision to drop the Coinbase case, has ignited speculation about an early XRP lawsuit settlement. Previously, Jeremy Hogan had suggested that the conclusion of the XRP lawsuit could occur before the SEC gives a thumbs up to an XRP ETF. Talk about a plot twist! 📈

While the SEC’s nod towards ETFs doesn’t guarantee approval, it has certainly fueled the community’s hopes for a potential ETF launch and lawsuit dismissal. With the SEC recognizing XRP ETF applications, it seems a lawsuit dismissal might just be within reach—like a tantalizing dessert just out of grasp! 🍰

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2025-02-22 14:52