Lawyer Jeremy Hogan recently made predictions about the ongoing crypto dispute between Ripple and the SEC. According to Hogan, it is likely that the resolution of the case will not happen before 2027. The SEC, after being denied an early appeal in its case against Ripple, is now in a difficult position with limited options. One option for the SEC is to proceed with the trial against Ripple’s executives in April 2023, but this poses challenges and risks defeat. Appeals can only be initiated after a final ruling, which could delay the resolution until 2026 or beyond.
The Ripple vs SEC Litigation Timeline
Hogan also pointed out that even if the SEC wins on appeal, further litigation before Judge Torres could prolong the resolution until June 14, 2027. A full settlement seems unlikely given the SEC’s determination so far. The rejection of the appeal has settled the decision barring XRP as a security until at least 2026. Currently, Ripple has more negotiating power for favorable settlement terms or an amicable resolution.
RippleX Announces XLS-30 Update for XRP Network
The RippleX team announced the completion of the XLS-30 update, a significant step in the evolution of the XRP network. This update introduces DeFi features to simplify trading, liquidity, and exchanges within the XRP ecosystem. It has been successfully stress-tested and is ready for mainnet activation. The XLS-30 update represents a major technological advancement for the entire XRP ecosystem, with new features and transaction types. It underwent a rigorous audit by CertiK and has been integrated into the code base of version 1.12.0. The team has conducted extensive testing to ensure performance and compatibility.
Hot Take: Ripple vs SEC Dispute Faces Prolonged Resolution
The ongoing dispute between Ripple and the SEC is likely to face a prolonged resolution, with lawyer Jeremy Hogan predicting that it may not be resolved before 2027. The SEC’s options are limited after being denied an early appeal, and appeals can only be initiated after a final ruling. Even if the SEC wins on appeal, further litigation could delay the resolution until 2027. Meanwhile, Ripple has more negotiating power and the ability to push for a favorable settlement or amicable resolution. This situation highlights the challenges faced by the SEC and the determination of both parties in this dispute.
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