The Ripple SEC case is gaining renewed attention, particularly with predictions from industry experts regarding a potential settlement. Former SEC enforcement attorney Marc Fagel has expressed his belief that both Ripple and the SEC will likely resolve their differences amicably, especially as the appeals process unfolds. Notably, the judge in this case, Judge Analisa Torres, has previously signaled a resolution may be possible.
Fagel articulated that between the two parties, there’s a balancing act at play. “Both parties appealed the part of the case they lost. So the penalty is on hold pending appeal,” he explained. This statement highlights the complexity of the situation, where both Ripple and the SEC have appealing interests in the case outcome. Ripple was ordered to pay a significant $125 million penalty related to $700 million in unregistered securities sales to institutional investors.
Additionally, another attorney in the field, Jeremy Hogan, has made a bold bet on the timeline for the resolution, suggesting a conclusion could occur as early as April or May of 2025. Hogan believes that the shift in administration, especially with Paul Atkins possibly heading the SEC, will likely lead to dropping the appeal altogether.
This speculation coincides with broader sentiments within the crypto community, where experts anticipate that a favorable end to the Ripple SEC case could pave the way for greater opportunities, including the possibility of an XRP ETF approval. In fact, CEO Brad Garlinghouse has voiced strong criticism against the previous SEC leadership, asserting that such regulations have stifled Ripple’s growth and opportunities within the United States.
He pointed out that 75% of Ripple’s job openings are based in the U.S., indicating a shift toward regaining momentum in the domestic market. With the thought that the Trump administration and new SEC leadership will breathe new life into innovation and job growth, many in the crypto community are cautiously optimistic.
Moreover, analysts have been eyeing XRP’s price movements, predicting a potential rally that could mimic prior significant increases experienced soon after political shifts. As one analyst suggested, XRP might consolidate its current price range before seeking new all-time highs.
All signs suggest that as the Ripple SEC case progresses towards a resolution, the outcomes will not only impact Ripple and XRP’s future but may also ripple through the broader cryptocurrency landscape. Investors and stakeholders within the crypto community are certainly keeping a close watch on these developments as they unfold.
