The SEC vs Ripple Lawsuit: Jeremy Hogan’s Opinion
The SEC vs Ripple Lawsuit has been ongoing for three years, and despite the Summary Judgement, the case is far from over. The interlocutory appeal filed by the SEC was denied, leading to new trial dates ordered by the judge. Amidst this ongoing legal battle, attorney Jeremy Hogan believes that settlement is the SEC’s last option.
Jeremy Hogan’s Opinion
Jeremy Hogan recently took to social media to clarify confusion surrounding the SEC vs Ripple Lawsuit. In a series of posts, he presents various possibilities for the case. One possibility he highlights is that the SEC can settle its litigation lawsuits against Ripple and individual defendants.
Hogan suggests that settlement can be a good option for the SEC as it allows them to claim another “win” and collect a significant sum of money from the defendants. However, he emphasizes that the judge’s ruling only applies to specific facts related to XRP.
According to Hogan, there is an 18.987% chance of the SEC pursuing a settlement.
What’s The Remaining 81.013% Chances of Happening?
Chance: 39.456% – Hogan predicts that the SEC will proceed with the trial in April 2024 as per the new trial dates set by Judge Torre’s order. However, he believes that the SEC will likely lose in this trial, resulting in its “dirty laundry” being exposed.
Hogan also anticipates that if Ripple receives favorable judgments, the SEC will appeal those parts it disagrees with, leading to further delays in the case until June 14, 2027.
Chance: 32.113% – This option involves the SEC settling litigations against individual defendants, proceeding with its trial against Ripple, and appealing any unfavorable judgments. This approach allows the SEC to save time and resources.
Denial of Further Trial
Ripple XRP’s attorney, John Deaton, believes that there will be no further trial in the SEC vs Ripple Lawsuit. In an interview with Thinking Crypto, Deaton argues that the judge’s prior decisions, lack of compelling evidence from the SEC, and the potential high costs of a trial make it unlikely for the SEC to proceed with the case due to their low chances of winning.
Hot Take: The Uncertain Future of the SEC vs Ripple Lawsuit
The SEC vs Ripple Lawsuit continues to generate curiosity and speculation. While settlement remains a possibility for the SEC, attorney Jeremy Hogan presents other potential outcomes, including a trial where the SEC might face unfavorable judgments. On the other hand, Ripple’s attorney predicts that there may not be a further trial due to the SEC’s weak position. With new trial dates set and ongoing legal battles, only time will tell how this high-profile case unfolds.
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