With Donald Trump’s recent victory in the 2024 U.S. presidential election, crypto supporters are hopeful for a turnaround in Ripple’s legal battle with the SEC. Legal experts like Attorney Jeremy Hogan recently shared his thoughts on what could happen next year with Ripple’s legal fight against the SEC and similar cases involving companies like Coinbase. Hogan believes that the SEC might finally close some of these ongoing crypto cases under new leadership.
Ripple vs. SEC Case: What To Expect
According to Hogan, the Ripple-SEC lawsuit might finally reach a resolution after Donald Trump takes office. Hogan believes this could happen if SEC Chair Gary Gensler steps down before January 20. With a new SEC head, there may be a push to close non-fraud crypto cases.
Hogan thinks the new leadership would likely review each crypto case and decide whether to settle or dismiss it. With three Republican-appointed commissioners, he sees a good chance these recommendations would be approved, leading to closures for cases like those involving Ripple and Coinbase.
For Ripple, Hogan suggests that the case could settle for the $125 million judgment amount previously set by the court. Meanwhile, Coinbase and other companies could see their cases dismissed entirely since there are no claims of fraud.
Expected Timeline for Resolutions
Hogan doesn’t expect these changes to happen overnight. While January may be too soon, he predicts that by summer 2024, we could see major steps toward ending these high-profile cases.
Hogan’s analysis provides hope that a new approach at the SEC could finally restate these long-running crypto legal battles, possibly bringing clarity to the regulatory landscape for digital assets.
XRP To Hit $0.94
With Trump’s election win fueling optimism, XRP is seeing a surge in value, now trading above $0.55. Experts predict the digital asset could skyrocket toward $0.94, matching its July 2023 high when the Ripple case saw a partial win. If a settlement is near, XRP’s price might surge even higher.
With Donald Trump’s win, people are excited about the chance for crypto-friendly policies. This could include the approval of an XRP ETF, something the SEC has resisted before.
