Lawyer Jeremy Hogan suggests the XRP case could settle by April or May.
SEC’s leadership change on January 20 may influence the case’s outcome.
Ripple penalty of $125 million is on hold due to ongoing appeals.
Pro-XRP lawyer Jeremy Hogan suggests a potential settlement in the Ripple vs. SEC case by April or May. Both Ripple and the SEC have appealed the court’s split decision, drawing widespread attention.
Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal. But the new SEC administration may decide not to pursue the appeal, and perhaps that leads the parties to settle for what the court awarded.
— Marc Fagel (@Marc_Fagel) January 6, 2025
The court had ruled Ripple’s $700 million institutional sales were illegal securities offerings and imposed a $125 million penalty on the firm. However, this penalty is on hold pending the appeal process.
In light of this, former SEC attorney Marc Fagel says the SEC’s new administration might drop the appeal, potentially leading to a settlement based on the original ruling.
Fagel’s statements have renewed interest in XRP. Community members are watching key dates…
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