Done Deal? — XRP Price Explosion to $10 In The Cards As SEC May ‘Completely’ Lose Out In Ripple Fight ⋆ ZyCrypto
The post Done Deal? — XRP Price Explosion to $10 In The Cards As SEC May ‘Completely’ Lose Out In Ripple Fight ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Pro-Ripple lawyer Jeremy Hogan has made a bold declaration, suggesting the Ripple v. SEC case is effectively concluded. Taking to X (formally Twitter) on Friday, the lawyer argued that although important hearings are still on the horizon, the time for anxiously waiting for the case’s outcome is essentially over. “For all intents and purposes, the Ripple v. SEC case is over,” Wrote Hogan. “The SEC dismissed the rest of the case, so there will be no trial next year. The facts have been set – nothing new or surprising will be coming out,” he added, emphasizing that only Ripple needs to worry about the impending Final Judgment. Furthermore, Hogan highlighted the potential scenarios following the Final Judgment. According to him, the case could either settle before this judgment is entered or proceed with appeals. Notably, the SEC has indicated its intention to appeal, signalling the possibility of a protracted legal battle. Hogan, however, placed the chances of winning the appeal at 14.2%. Advertisement     Hogan’s assertions coincided with those of John Deaton, another prominent pro-Ripple lawyer who countered the notion of an immediate SEC appeal. Notably, both lawyers, however, seem to agree about the importance of the upcoming hearings, which will decide on a judgment of potentially $770 million. It is worth noting that the SEC is aggressively pursuing the entire $770 million in the Ripple case. However, Ripple aims to exempt certain On-Demand Liquidity (ODL) transactions from penalties and include legitimate business expenses, like salaries, advertising, travel, and insurance, in the fine calculation. That said, Hogan’s statement comes on the heels of a significant development where the U.S. Securities and Exchange Commission (SEC) voluntarily dropped charges against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen, igniting speculation about the lawsuit’s future. It is worth…
The post Done Deal? — XRP Price Explosion to $10 In The Cards As SEC May ‘Completely’ Lose Out In Ripple Fight ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Pro-Ripple lawyer Jeremy Hogan has made a bold declaration, suggesting the Ripple v. SEC case is effectively concluded. Taking to X (formally Twitter) on Friday, the lawyer argued that although important hearings are still on the horizon, the time for anxiously waiting for the case’s outcome is essentially over. “For all intents and purposes, the Ripple v. SEC case is over,” Wrote Hogan. “The SEC dismissed the rest of the case, so there will be no trial next year. The facts have been set – nothing new or surprising will be coming out,” he added, emphasizing that only Ripple needs to worry about the impending Final Judgment. Furthermore, Hogan highlighted the potential scenarios following the Final Judgment. According to him, the case could either settle before this judgment is entered or proceed with appeals. Notably, the SEC has indicated its intention to appeal, signalling the possibility of a protracted legal battle. Hogan, however, placed the chances of winning the appeal at 14.2%. Advertisement Hogan’s assertions coincided with those of John Deaton, another prominent pro-Ripple lawyer who countered the notion of an immediate SEC appeal. Notably, both lawyers, however, seem to agree about the importance of the upcoming hearings, which will decide on a judgment of potentially $770 million. It is worth noting that the SEC is aggressively pursuing the entire $770 million in the Ripple case. However, Ripple aims to exempt certain On-Demand Liquidity (ODL) transactions from penalties and include legitimate business expenses, like salaries, advertising, travel, and insurance, in the fine calculation. That said, Hogan’s statement comes on the heels of a significant development where the U.S. Securities and Exchange Commission (SEC) voluntarily dropped charges against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen, igniting speculation about the lawsuit’s future. It is worth…
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