Jeremy Hogan, a well-known attorney in the crypto space, recently shared his perspective on the January 15, 2025, filing deadline for the Ripple vs SEC case appeal. Hogan emphasized that the filing is a routine procedural step and cautioned against giving it undue significance.
“This is still Gensler’s SEC,” Hogan remarked, referencing SEC Chair Gary Gensler’s leadership. He noted that the filing will likely occur on time, but will not determine whether the case ends in a settlement or dismissal under a potential new administration. Hogan described the brief as a technical requirement that does not materially affect the case’s trajectory.
While the SEC’s legal team works on the brief, Hogan suggested their efforts might be inconsequential. He described the situation as emblematic of the current SEC’s contentious regulatory approach, stating, “A tale told by an idiot, full of sound and fury, signifying nothing.”
Settlement Likely, but Timing Is Uncertain
Hogan addressed the likelihood of a settlement in the Ripple case. Hogan expressed optimism when asked about the probability of Paul Atkins, the coming SEC Chair under Donald Trump’s administration, dropping the appeal and settling.
“I definitely think that’s the most likely scenario,” Hogan stated, citing the case’s non-fraudulent nature and the absence of harmed investors. He noted that Ripple’s position remains strong, which could favor a resolution through settlement.
However, Hogan acknowledged that the exact timing of such an outcome is difficult to predict, estimating that it could occur as early as April or May 2025.
Hogan’s comments highlight a growing sentiment that a new regulatory approach, potentially under a different SEC administration, could ease the path to resolving the case favorably for Ripple.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Broader Impact on Cryptocurrency Regulation
The Ripple v. SEC case is widely regarded as pivotal for cryptocurrency regulation in the United States. Ripple has maintained that XRP is not a security, arguing that it does not meet the criteria of an investment contract under U.S. securities law. A favorable resolution for Ripple could have significant implications for other digital assets facing regulatory scrutiny.
Hogan’s critique of the SEC’s enforcement strategy underlines broader frustrations within the crypto industry. He suggests that the case reflects the limitations of the SEC’s current approach, which many see as overly aggressive and lacking clear guidelines for digital assets.
As the January 15 deadline approaches, Hogan’s insights provide valuable context for observers. While the filing itself may hold little long-term significance, the case’s resolution—whether through settlement or administrative dismissal—could shape the future of cryptocurrency regulation in the United States.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
