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Ripple鈥檚 CEO, Brad Garlinghouse, has expressed a keen interest in engaging with the U.S. Securities and Exchange Commission鈥檚 (SEC) incoming leadership, fueling speculation about a possible resolution to the ongoing legal dispute between Ripple and the SEC. Reports from Odaily indicate that this development has raised hopes for a settlement or outright dismissal of the high-profile case.
Renowned legal analyst Jeremy Hogan suggests that the lawsuit could reach its conclusion by April or May, though procedural hurdles might extend the timeline. With the current SEC administration preparing for a leadership shift, there鈥檚 an expectation of intensified efforts to steer the case before the transition occurs. Notably, the deadline for submitting initial statements is set for January 15, a key milestone that could influence the proceedings.
Market observers believe that pro-cryptocurrency leadership within the new SEC administration may create a more favorable regulatory landscape for Ripple. Such a shift could not only facilitate the resolution of the lawsuit but also open the door for significant advancements, including the potential approval of an XRP-based exchange-traded fund (ETF).
This pivotal moment for Ripple comes as the crypto industry eyes regulatory clarity and collaboration, signaling a new chapter in the ongoing dialogue between blockchain innovators and regulators.
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