With Trump administration soon taking the charge and Paul Atkins to take over as the next SEC Chair, the crypto community awaits an end to the long-standing Ripple vs SEC case. Notably, a top attorney following the case predicts it could be resolved by April or May this year.
Donald Trump’s win and the appointment of Paul Atkins as SEC Chair are seen as favorable for Ripple and XRP. Ripple CEO Brad Garlinghouse expressed his desire to collaborate with the new SEC, which has raised hopes for progress and clarity, as well as the possible dismissal of the XRP lawsuit appeal.
Notably, attorney Jeremy Hogan responded to an X post over the odds of the Ripple vs SEC case getting dismissed, settled or dropped by February.
“I’d say it’s possible but maybe unlikely,” he noted. “40 days is not a lot of time to get reports together, memos, have the requisite SEC meetings, etc.. I’m going with April/May as a likely timeframe,” he added further.
He thinks the decision may take time due to the need for reports, memos, and SEC meetings, but still expects a dismissal or settlement by April or May.
A Shift In Approach
Recently, in an interview with Thinking Crypto, Amanda Tuminelli from the DeFi Education Fund noted that while dropping lawsuits completely might not quickly happen, a shift in approach is likely.
Tuminelli believes the SEC may seek favorable settlements, called “consent decrees,” where both parties negotiate a resolution and the court ensures the terms are followed, allowing cases to be resolved without being fully dropped.
With the January 15 deadline approaching, US SEC Chairman Gary Gensler and Chief Litigation Counsel Jorge Tenreiro are likely preparing to file an opening brief in the XRP lawsuit. The SEC may make a last-minute filing before pro-crypto Paul Atkins takes over, which could potentially create challenges for Ripple.
Gensler’s brief submission may be the SEC’s final attempt to strengthen its case as Ripple’s defense gains strength. With the outcome still uncertain, this move shows the SEC’s determination to maintain control over digital asset regulation.
Nevertheless, the XRP community is hopeful for positive developments, including an XRP ETF launch and price rally. Notably, if the XRP lawsuit is dismissed, it could lead to XRP ETF approval and a price surge above $10 as investors gain legal clarity.
