Crypto 📈Legal Expert States What to Expect For Ripple-SEC Case Under Trump Administration

Legal Expert States What to Expect For Ripple-SEC Case Under Trump Administration

Prominent crypto attorney Jeremy Hogan has recently shared his insights into the potential impacts of a United States administration change on the Securities and Exchange Commission’s (SEC) approach toward ongoing crypto-related cases, particularly the high-profile Ripple lawsuit.

Following Donald Trump’s emergence as the presumed president-elect, the crypto community is eager to understand how a shift in leadership could influence the regulatory landscape for digital assets, including the SEC’s legal actions against companies like Ripple.

Trump’s Potential Pro-Crypto Shift in Policy

During his campaign, Trump pledged to enact crypto-friendly policies to help the United States become a global leader in digital assets. His promises included firing current SEC Chair Gary Gensler and implementing favorable regulatory measures for the crypto industry.

However, he has yet to comment on the SEC’s ongoing lawsuits against companies such as Ripple, leaving the potential future of these cases uncertain.

Hogan’s View on Ripple Case Under a New SEC Chair

Hogan, a lawyer known for his pro-XRP stance, offered a detailed forecast of the SEC’s lawsuits against crypto companies, based on a hypothetical transition of SEC leadership under a Trump administration.

In response to community questions, Hogan predicted that SEC Chair Gary Gensler might resign before Trump’s inauguration on January 20, which could pave the way for significant changes in the SEC’s regulatory approach.

Hogan speculated that Trump’s administration would likely appoint a pro-crypto individual as Gensler’s replacement, leading to a potential shift in how the SEC addresses cases against digital asset firms. This new chair, Hogan suggested, could issue directives to prioritize the resolution of non-fraud crypto cases, including the Ripple lawsuit.

Ripple Case Resolution Could Be in Sight

Hogan foresees that the SEC’s new leadership would conduct a comprehensive review of non-fraud-related cases, emphasizing seeking resolution through settlement or dismissal. According to his forecast, this process would involve an internal assessment team to evaluate each case and present a recommendation to the SEC commissioners.

The decision would ultimately rest with the SEC’s Republican-majority commissioners, who Hogan believes would likely vote in favor of dismissing or settling these cases. Specifically, he anticipates a unanimous vote by the Republican commissioners to approve the recommendation.

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SEC Likely to Settle with Ripple

In Ripple’s case, Hogan projects that the SEC will aim for a settlement, potentially resulting in Ripple paying the previously determined judgment amount of $125 million.

A federal judge had ruled that Ripple should pay this fine due to securities law violations related to institutional XRP sales. However, the payment was postponed due to the SEC’s appeal on parts of the decision, such as programmatic sales and other XRP distributions.

Hogan expects that a new SEC chair, prioritizing swift and fair resolutions, would push to settle the Ripple case based on the $125 million judgment. This move would provide closure for both parties and reflect a cooperative approach in the regulatory landscape for crypto-related companies.

Potential Timeline for Settlements and Dismissals

Hogan also addressed the likely timeframe for these changes, anticipating that dismissals and settlements across the crypto industry’s legal cases would unfold gradually, culminating by the summer of 2025.

Notably, he does not foresee immediate resolutions but instead envisions a structured process as the new SEC administration assesses and finalizes each case. In addition to the Ripple case, Hogan expects the SEC to dismiss other high-profile crypto cases currently under litigation, including the lawsuit against Coinbase.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post Legal Expert States What to Expect For Ripple-SEC Case Under Trump Administration appeared first on Times Tabloid.

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