The U.S. crypto industry received shocking news when Coinbase announced that the U.S. Securities and Exchange Commission (SEC) was set to dismiss its lawsuit against the exchange.
This development has prompted speculation within the XRP community about the potential impact on Ripple’s ongoing legal battle with the SEC, which is currently in the appeals process.
As discussions intensified, former SEC Director John Reed Stark suggested that the agency might follow a similar course of action in Ripple’s case. Stark predicted that the SEC’s aggressive enforcement tactics would soon end , raising hopes that the long-standing legal dispute could be the next to go.
Potential Resolution Timeline for Ripple v. SEC
Attorney Jeremy Hogan, a well-known attorney and crypto enthusiast who has closely followed the lawsuit, offered his perspective on when a resolution might occur. Hogan had previously predicted that the legal battle would end in April or May but recently suggested it could happen sooner.
Responding to a query on the timeline for dismissal, Hogan stated, “An earlier resolution is definitely in play, but I’m still thinking it might be May. May or the first half of April. Just a hunch.”
An earlier resolution is definitely in play, but I'm still thinking it might be May.
May or the first half of April. Just a hunch.
— Jeremy Hogan (@attorneyjeremy1) February 22, 2025
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— TimesTabloid (@TimesTabloid1) July 15, 2023
There is also a crucial deadline on April 16 for Ripple to file its opening brief in its cross-appeal against the SEC. The regulator may dismiss the appeal or agree with Ripple before this date to prevent the legal battle from proceeding. However, a dismissal may not be as straightforward as the Coinbase lawsuit.
Legal Complexities Surrounding Ripple’s Case
While some believe the SEC could choose to dismiss its appeal against Ripple in light of its decision on Coinbase, others argue that the cases are not directly comparable. Fox Business correspondent Eleanor Terrett highlighted the unique procedural challenges in Ripple’s case.
Terrett pointed to the existing order from Judge Analisa Torres, which requires Ripple to pay a $125 million penalty . Terrett shared a portion of the final judgment stating that the court will retain jurisdiction over the case until August 7, 2025, ensuring that the terms of the order are followed.
Given this, Terrett suggested that even if the SEC were to drop its appeal, the agency would need to address the district court’s penalty ruling. This could involve negotiating a reduction or requesting its removal, a process that would require the judge’s approval.
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