XRP’s Future on the Line as Ripple’s SEC Battle Reaches Key Moment
Attorney Jeremy Hogan predicts that the SEC’s lawsuits against Ripple, Coinbase, and other crypto firms could be resolved soon, especially if SEC Chair Gary Gensler steps down before President-elect Trump’s January inauguration.
Trump has pledged to replace Gensler, and Hogan suggests new leadership may prioritize dismissing non-fraud crypto cases. This could lead to Ripple settling its XRP case for the $125 million awarded by the court. Ripple’s case began in 2020 when the SEC alleged that XRP sales were unregistered securities. Leading to a partial ruling in 2023 that split XRP sales into securities and non-securities categories.
Hogan estimates the resolution process could conclude by summer, potentially marking a major shift in U.S. crypto regulation.
Clever Robot News Desk 13th November 2024
