A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the resolution.
Ripple’s Legal Battle With SEC Over XRP Could Be Over in Days—If This Condition Is Met
Legal expert Jeremy Hogan has weighed in on speculation surrounding the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple, suggesting that a private settlement may be the quickest resolution. His comments came in response to Fox Business journalist Eleanor Terrett, who reported that sources indicated the case was “in the process of wrapping up and could be over soon.”
Hogan outlined the conditions necessary for a swift resolution:
The only way the case could ‘be over’ soon is if Ripple and the SEC reach a private settlement agreement (which would vary from the judgment), dismiss the appeal, and then simply never take the terms of the settlement agreement back to the trial court to be ratified.
However, he noted a major challenge, specifically the court’s injunction against Ripple. “Assuming the injunction is the sticking point, the SEC would have to agree not to enforce the court’s injunction. I have a hard time believing the SEC would agree to that, but possibly it could agree to something more oblique such as providing Ripple a path to actually register sales of XRP to institutional investors (for example). Meaning, Ripple could get what it needs, while the SEC doesn’t blatantly snub the court’s order. Meaning, it can be done,” he opined.
Another lawyer, James Murphy, recently suggested that Ripple might be the reason for the delay, as it pushes for better settlement terms, including vacating parts of Judge Analisa Torres’ ruling. He speculated that while the SEC might be willing to settle with a $125 million penalty, Ripple could be negotiating to remove some of the more restrictive aspects of the court’s decision. His view aligns with Terrett’s reporting that Ripple’s legal team is working to avoid accepting terms that could be seen as an admission of wrongdoing.
If Ripple and the SEC reach a deal, it would bring an end to a legal battle that has lasted multiple years, shaping both the crypto industry and regulatory policy. Hogan emphasized that a settlement remains the most likely way to conclude the case soon, stating:
This is the only way I can see the case resolving anytime in the next couple days or weeks.
Hogan noted that this “would apparently be consistent” with what Terrett is reporting, which is “settlement agreement.” With no established precedent for this situation, it remains uncertain whether negotiations will conclude swiftly or continue to drag on, but the outcome could set a significant precedent for future SEC enforcement actions in the crypto space.
