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The Ripple lawsuit saga has been ongoing for quite some time now, and investors are growing increasingly anxious as they await a resolution. With recent developments indicating a shift in the SEC’s approach to cryptocurrency enforcement, many are wondering what the future holds for this particular case.
Just recently, the SEC made significant moves by dropping its cases against Coinbase and Binance, while simultaneously halting proceedings against OpenSea NFT platform. While the agency still has ongoing cases with Kraken Exchange, Uniswap, and Robinhood, all eyes are now on Ripple’s situation.
As we delve deeper into this, it becomes clear that Ripple is unlikely to see a resolution before August 7, 2025, at least not entirely. In fact, some speculate the SEC might choose to pause certain aspects of the case before taking further action. This would be seen as a positive sign by many in the crypto community.
Attorney Jeremy Hogan has gone on record suggesting that the SEC may put certain parts of the Ripple lawsuit on hold, such as refraining from filing any appeals. While this wouldn’t necessarily mean an immediate conclusion, it would represent progress nonetheless.
Former SEC lawyer Marc Fagel believes a different outcome is more plausible – one where the agency drops its own appeal while Ripple has cross-appealed. According to Fagel, such a move would be equivalent to legal malpractice and could potentially delay any resolution. On the other hand, failing to collect a $125 million penalty that a federal court deemed owed by Ripple due to their alleged rule-breaking would be similarly negligent.
The likelihood of any significant updates before August 7, 2025 is uncertain at best. However, even if the SEC fails to provide clarity within this time frame, experts remain hopeful about the prospect of positive changes in its regulatory stance on cryptocurrencies.
Marc Fagel shares that a settlement might be the most plausible outcome for Ripple’s ongoing legal battle. This could potentially take the form of summary judgment terms.
In light of these recent developments and expert insights, one can’t help but feel a sense of optimism regarding the future of cryptocurrency regulations.
