Ripple Attorney Predicts 3 Likely Outcomes of SEC Lawsuit

The SEC vs Ripple Lawsuit has been ongoing for three years. While the Summary Judgment was significant, it didn’t conclude the case. With the recent denial of an appeal by the SEC, new trial dates were set by the judge. Attorney Jeremy Hogan suggests that settlement might be the SEC’s only option.

Jeremy Hogan’s Opinion

Jeremy Hogan used social media platform X to clear up confusion about the SEC vs Ripple Lawsuit. In a somewhat sarcastic manner, he shared a series of posts discussing various possible outcomes.

Jeremy’s Option #3

As per his ‘Option #3’, which has gotten widespread attention, Jeremy states that the SEC can settle all its litigation lawsuits against Ripple and individual defendants.

Hogan says, “Settlement can be a good option for the SEC. It gets to publish another “win” and collect a big check from the bad guys. The Judge cleared this path for them, clarifying that her ruling only applies to the facts specific to XRP .” 

Hogan estimates an 18.987% chance of the SEC pursuing a settlement.

Option #1: Trial in April 2024

Hogan also believes there’s a high likelihood (39.456%) that the SEC will go ahead with the trial scheduled for April 2024, based on Judge Torres’s new trial dates. However, he expects the SEC to face challenges during the trial, possibly exposing unfavorable information.

Additionally, Hogan predicts that the SEC will appeal any parts of the judgment favoring Ripple, which could extend the case until June 14, 2027.

Read More: Ripple Vs. SEC Lawsuit: Here’s What to Expect From Next Trial on April 2024

Option #2: A Middle Ground

Ripple XRP’s attorney, John Deaton, has a different view. He doubts there will be another trial in the SEC vs Ripple Lawsuit. In an interview with Thinking Crypto, Deaton cited the judge’s previous decisions, lack of compelling evidence from the SEC, and potential high trial costs as reasons why the SEC might avoid going to trial due to its slim chances of winning.

As the SEC vs Ripple Lawsuit enters its fourth year, the question of settlement or a lengthy trial remains unresolved, leaving all parties involved and curious onlookers eager for the next chapter in this legal saga.