Ripple-SEC Lawsuit Could End In Settlement By April 2022. Here’s What New Documents Say

The teeming members of the XRP community can’t wait to witness the end of the long-standing lawsuit between Ripple, the US-based cross-border payments firm, and the United States Securities and Exchange Commission (SEC).

In late December 2020, the SEC filed a lawsuit against Ripple Labs and two of its top executives, Brad Garlinghouse and Chris Larsen, for the sales of XRP as an unregistered security.

There have been lots of predictions that the lawsuit could end in settlement. And Attorney Jeremy Hogan, a partner at the Hogan & Hogan law firm, had made such predictions in the past. Considering the recent documents shared by the XRP-centric lawyer, the lawsuit could end in settlement by April 2022.

What Documents Recently Shared By Jeremy Hogan Say

The documents shared by Attorney Jeremy Hogan pointed out that there will be a one-hour settlement discussion between the SEC and Ripple, 14 days after the close of fact discovery.

According to Hogan, if both parties reach a consensus during the discussion, the lawsuit is likely to end in settlement by April or May 2022.

Jeremy Hogan tweeted, “Yes, a one hour settlement discussion happened a couple of months ago. It didn’t settle which means that the next most likely settlement time would be at mediation (see arrow below) which will be hosted by the one and only JUDGE NETBURN who has seen ALL the documents in camera.”

When asked if all relevant case documents about Ethereum and XRP could prompt Judge Netburn to recommend settlement of the case, Hogan said:

“That’s why I mentioned it. She knows exactly what are in the emails, etc. and, if I am correct in that the SEC is the problem child here, that could make a big difference. A good mediator can really work miracles sometimes.”

So, considering the amount of evidence presented before the Judge, it’s highly possible for the SEC to be advised to accept settlement of the case, which XRP community has been expecting since 2020.

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.