Renowned lawyer Jeremy Hogan, who has been closely following the Ripple vs. SEC case, recently shared his analysis of the possible outcomes in the ongoing legal battle. In a recent tweet, Hogan outlined every possibility and provided the chances of each outcome happening and how long they would take.
Hogan explains that after the unfavorable summary judgment and the denial of the interlocutory appeal, the SEC is left with limited favorable choices. While the SEC can still appeal, it can only do so after a final judgment is reached, which could be far in the future.
The first scenario Hogan discusses is if the SEC decides to proceed with a trial targeting Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen. However, this path presents potential pitfalls for the SEC as they could face challenges and have their dirty laundry aired during the trial. If they stick to this route, an appeal is not expected until 2025.
In another scenario, Hogan explores the possibility of the SEC reaching a settlement with individual defendants before pursuing a final judgment against Ripple Labs. This option would save time and resources for the SEC but Hogan doubts they will choose this path.
The third scenario Hogan considers is a comprehensive settlement that includes both Ripple and the individual defendants. While this appears to be an advantageous choice for the SEC, Hogan notes that they have shown little desire to compromise so far.
Hogan concludes by acknowledging that there is always room for unpredictability in legal cases and that a completely unforeseen event could occur. He emphasizes that the SEC now faces limited options and a shifted power balance.
In summary, Hogan provides a detailed breakdown of possible outcomes in the Ripple vs. SEC case, highlighting various scenarios and their likelihoods. The future of the case remains uncertain, but these insights shed light on what may lie ahead for Ripple and the SEC.
At present, XRP is trading at $0.5168.
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