Ripple-SEC quandary as the day for the U.S. Securities and Exchange Commission (SEC) to file its initial appeal looms. A former SEC lawyer has forecasted a possible settlement from some recent orders made by Judge Analisa Torres. This comes against the backdrop of what many now view as the possibility of the appeal no longer being pursued by the incoming Trump administration and potential SEC Chair Paul Atkins.
Ex-SEC Attorney Predicts Ripple Settlement
Marc Fagel, an attorney and a former enforcement lawyer at the SEC, said that the Ripple case can be on the path to a settlement. As Fagel observed, Ripple and the SEC appealed the part of the case they did not like, which means that there is a high chance of a solution.
“Each of the securities law violations cost Ripple $25 million in penalties, With $125m penalties for $700m in unregistered sales to institutional traders”, Fagel remarked. He also said that the consequent SEC administration along with Paul Atkins may not prefer to proceed with the case but rather want to end it up with the appeal. However, he also said that the SEC under new chair Gary Gensler will likely appeal before January 15.
Lawyer Projects Timeline for XRP Lawsuit Conclusion
Ripple’s lawyer Jeremy Hogan says that the Ripple-SEC case trial could take to April or May 2025. According to Hogan, there was a need to go through reports, memos, and regulatory meetings before an ultimate decision was made.
Hogan also said that Atkins, under the Trump administration would conclude the appeal and finally settle the matter in 2025. This synchronizes with the increasing positivity pervading the crypto community regarding the legal decision that would bring an end to the prolonged legal battle.
XRP Price Expectations Amid Case Developments
Preventing cryptocurrency They also believe that the ending of the Ripple-SEC case could create a bullish sentiment on XRP. A settlement might also help to clear the path to the approval of an XRP exchange-traded fund (ETF), which, in turn, will send its adoption and price higher.
Crypto Analyst CrediBULL Crypto believes that Ripple could move sideways before shooting higher toward a new high. It has been trading at a level that is near where I stopped my last long. ‘We have tapped some liquidity above us into local supply,’ the analyst said.
As for the lawsuit effect, Ripple CEO Brad Garlinghouse said “The SEC’s actions have halted our business opportunities at home for years.” He also focused on performance, stating that over three-quarters of Ripple’s new job openings are in the US, which recently has several of them signed.
Broader Implications of the Ripple-SEC Case Outcome
The Ripple case has relevance in the market because the legal decisions made now may foreshadow subsequent regulatory policies. Some professionals think that finding a solution could revive the stagnated development of the U.S. crypto industry and create more jobs.
At the same time, observers expect that the end of the Ripple case under the new management of the base regulator can become the definitive cementing of the potential for the market. We expect XRP specifically to post a run since several analysts are estimating it to rise by as much as 400% similar to what the coin did after the elections.
