Ripple v. SEC, Coinbase v. SEC to End Soon? Attorney Jeremy Hogan Thinks So!

With Donald Trump’s victory in the 2024 U.S. presidential election, crypto supporters are hopeful for a breakthrough in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Legal experts, including Attorney Jeremy Hogan, have shared insights on how new leadership could impact Ripple’s case and others involving crypto firms like Coinbase. Hogan believes the SEC might finally move to close some of these lengthy cases under a Trump administration.

Ripple vs. SEC Case: Big Changes Are Coming!

According to Hogan, the Ripple-SEC lawsuit might finally reach a resolution after Donald Trump takes office. Hogan believes this could happen if SEC Chair Gary Gensler steps down before January 20. With a new SEC head, there may be a push to close non-fraud crypto cases.

Under new leadership, Hogan expects the SEC to review each crypto case individually to decide whether to settle or dismiss it entirely. With three Republican-appointed commissioners, he believes there’s a strong chance these recommendations would be approved, potentially leading to the closure of high-profile cases like Ripple and Coinbase.

Settlement for Ripple, Dismissal for Coinbase?

For Ripple, Hogan sees a potential settlement around the $125 million judgment previously set by the court. In contrast, cases against companies like Coinbase could be dismissed altogether, as there are no fraud allegations involved.

However, Hogan warns that these changes won’t happen immediately. While it may be too soon to expect results by January, he predicts that by summer, there could be major steps toward ending these long-standing cases.

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XRP To Hit $0.94

Trump’s election has already sparked optimism in the crypto market, with XRP trading above $0.55. Experts predict that if a settlement is indeed near, XRP could climb even higher, possibly reaching $0.94—the level it achieved in July 2023 after Ripple’s partial court victory.

With Trump in office, crypto advocates are also excited about the potential for friendlier policies, including the possibility of approving an XRP exchange-traded fund (ETF)—something the SEC has previously resisted.

Will Trump’s presidency usher in a new era of crypto-friendly regulation? It certainly seems so!