The U.S. SEC’s recent approach toward crypto lawsuits has sparked speculation about a possible settlement in the Ripple vs. SEC case. Many in the crypto community believe that the agency’s softened stance could mean a resolution is near.
However, legal experts, including attorney Jeremy Hogan, caution that the complexity of the Ripple case makes it unlikely to conclude before March 14.
Ripple Case More Complicated?
Hogan, an expert in the case, pointed out that Ripple’s situation is different from other recent settlements. Unlike the Tron lawsuit, which was resolved quickly, Ripple’s legal battle has progressed much further, making it harder to settle swiftly.
He suggested that the case could be settled on key dates such as March 14, April 11, or May 1, but emphasized that delays are still possible.
Impact of XRP ETF on the Case
Another factor that could influence the timing of the case’s resolution is the potential approval of an XRP ETF. Hogan noted that while there is no direct legal connection between the lawsuit and an ETF approval, regulatory processes for ETFs typically take longer. This means the SEC might prefer to settle the case before approving an XRP-based investment product.
XRP’s Price Actions
While legal discussions continue, XRP is feeling the pressure of the ongoing market decline. The token is currently trading at $2.03, down more than 9% in the last 24 hours. Its global market capitalization has dropped to $117.72 billion, and the 24-hour trading volume has fallen by 12%.
The overall negative sentiment in the crypto market has contributed to XRP’s decline, with investors uncertain about its future.
Despite the downturn, some traders remain hopeful that a positive resolution in the lawsuit could drive XRP’s price higher. A settlement in Ripple’s favor could remove legal uncertainty surrounding the token, potentially leading to increased adoption and investment.
Also Read: Ripple Co-Founder Brad Garlinghouse Supports Trump’s Choice of Pro-Crypto Paul Atkins As SEC Chair
SEC’s Crypto Stance Under the Trump Administration
Since Donald Trump returned to power, the SEC has taken a noticeably different approach to crypto regulation. The agency has recently dropped lawsuits against major exchanges such as Coinbase and Robinhood, signaling a shift in its enforcement strategy.
This change has been seen as a move toward creating a more favorable environment for crypto firms, reducing regulatory pressure on the industry.
For Ripple, this trend could be a positive sign. If the SEC continues to ease its stance on crypto-related cases, a settlement may become more likely. However, Ripple’s case remains unique due to the length of its legal battle and the significance of its outcome for the broader crypto market.
As the legal fight drags on, investors and market watchers continue to speculate about what’s next for Ripple and XRP. While Hogan and other experts believe a resolution is still weeks or months away, the shifting regulatory climate under the new administration adds an element of unpredictability.
Also Read: Ripple Overtakes Ethereum as South Korea’s Second Favorite Crypto, Bitcoin Retains No:1 Position