While legal experts have outlined how the SEC case against Ripple via XRP will end within days, the big hurdles to interpreting court injunctions can complicate the resolution.
Ripple’s legal battle with the SEC via XRP could end in a few days if this condition is met
Legal expert Jeremy Hogan places emphasis on speculation surrounding the Securities and Exchange Commission (SEC) lawsuit against Ripple, suggesting that private settlements could be the quickest resolution. His comments came in response to Fox business journalist Eleanor Terrett. He reported that sources indicated that the incident was “closed and could be over soon.”
Hogan outlined the requirements for a quick resolution.
The only way a case “ends” quickly is for Ripple and the SEC to reach a private settlement agreement (different from the judgment), dismiss the appeal and never receive the terms of the settlement agreement back to court for approval.
However, he focused on the major challenges, particularly the court’s injunction against Ripple. “I believe that the SEC disagrees with it, but it may be more obliquely agreed, such as offering XRP sales.
Another lawyer, James Murphy, recently suggested that Ripple could be the reason for the delay. This is to promote better terms of settlement, including vacating part of Judge Anasa Torres’ award. He speculated that while the SEC may be willing to settle it with a $125 million penalty, Ripple could negotiate to remove some of the more restrictive aspects of the court’s decision. His view is consistent with Terrett’s report that Ripple’s legal team is working to avoid accepting conditions that could be considered as approval of fraud.
If Ripple and the SEC reach a deal, it will put an end to a multi-year legal battle, shaping both the crypto industry and the regulatory policy. Hogan emphasized that the settlement remains the most likely way to conclude the case immediately, saying:
This is the only way you can see a case resolved anytime in the next few days or weeks.
Hogan noted that this was “clearly consistent” with what Terrett reports: the “settlement agreement.” With no precedent for this situation established, it remains unclear whether negotiations will be concluded quickly or continue to drag on, but the results could set a significant precedent for future SEC enforcement actions in the crypto space.
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