Pro-XRP lawyer Jeremy Hogan suggests a potential settlement in the Ripple vs. SEC case by April or May. Both Ripple and the SEC have appealed the court’s split decision, drawing widespread attention.
Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal. But the new SEC administration may decide not to pursue the appeal, and perhaps that leads the parties to settle for what the court awarded.
— Marc Fagel (@Marc_Fagel) January 6, 2025
The court had ruled Ripple’s $700 million institutional sales were illegal securities offerings and imposed a $125 million penalty on the firm. However, this penalty is on hold pending the appeal process.
In light of this, former SEC attorney Marc Fagel says the SEC’s new administration might drop the appeal, potentially leading to a settlement based on the original ruling.
Fagel’s statements have renewed interest in XRP. Community members are watching key dates: January 15, the SEC’s deadline to file another appeal, and January 20, when pro-crypto Paul Atkins may take over as SEC chair.
These key developments could bring long-awaited regulatory clarity for XRP and the broader crypto market. Ripple’s supporters remain hopeful that the case’s resolution will propel XRP to new heights, especially with potential U.S. regulatory clarity during the first 100 days of the incoming Trump administration.
Trump’s Crypto Tax Plans and XRP’s Future
Notably, Trump plans to introduce 0% capital gains taxes on domestic cryptocurrencies. This would be a significant advantage for XRP as it’s the sole top-tier crypto to benefit from this policy.
Read also: XRP Consolidates in Bull Pennant, Could Skyrocket to $11 with Breakout
As speculation mounts, XRP remains one of the most closely watched assets in the crypto space. Advocates are optimistic that a favorable outcome will not only benefit Ripple but also chart the course for other crypto projects in navigating uncertain regulatory landscapes.
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