The ongoing Ripple vs. SEC lawsuit is entering a critical phase as the January 15 deadline looms. As tension builds, many are curious about possible outcomes and what the future holds for XRP holders. Legal expert Jeremy Hogan recently hinted that we might see a resolution by April or May, potentially bringing good news for those invested in XRP. But if the SEC didn’t win decisively, why consider a settlement at all?
Former SEC attorney Marc Fagel shed some light on this issue. He clarified that the SEC hasn’t completely lost; they won some aspects of the case while also facing setbacks. Both Ripple and the SEC have appealed parts of the decision they found unsatisfactory, which is standard procedure in legal disputes. Fagel noted that, in fact, the court found in favor of the SEC regarding Ripple’s sale of over $700 million in unregistered securities, specifically pointing to institutional sales. This resulted in a $125 million penalty imposed on Ripple.
With both parties in appeal mode, the penalty remains on hold until those appeals are settled. There’s rising speculation that under the incoming SEC leadership, a decision may be made not to continue pursuing the appeal. This shift could create a path toward a settlement, aligning with the ruling already delivered by the court.
Looking ahead, the SEC will soon see new leadership with the appointment of Paul Atkins, chosen by President-elect Donald Trump. Atkins, who has experience as an SEC Commissioner under George W. Bush, is set to take over from Gary Gensler, the current chair, who will be leaving office on January 20, 2025. Many experts view Atkins as a strong candidate, understanding the delicate balance needed in regulation and oversight in the securities market.
This evolving situation has many in the crypto community on edge. Throughout all of this, it remains essential to stay informed and watch how this pivotal moment will unfold for XRP and its investors.
