Ripple The legal battle between the SEC and the SEC has gone through numerous twists and turns over the past few months. Attorney Jeremy Hogan recently addressed the ongoing dispute, giving the SEC just a 2.367% chance of victory gave. This conclusion stems from Hogan’s in-depth analysis of the potential trajectories the case could take.
Why Does the SEC’s Path to Victory Look Winding?
Koinfinans.com As we reported on , Hogan’s analysis examined a convoluted and complex path the SEC must follow to achieve a decisive victory against Ripple. First, if the SEC chooses to appeal next year and the appeals court backs them in 2025, that won’t mean the end of the matter. The reason for this lies in the wording of the Judge’s initial order, which would require the appellate court to refer the case back to the trial judge for further judicial consideration.
Further complicating the SEC’s journey is that even if the appeals court sides with them on the programmatic sales issue, the issue will still return to the court for further review. Hogan emphasized that an appeal would be required after these renewed findings in court, and that the SEC could only achieve victory after overcoming this legal labyrinth. The catch is, Ripple could then potentially appeal to the Supreme Court. Beyond these procedural challenges, the SEC needs to resist settlement, succeed on its first appeal (which Hogan gives only a 14% chance of), persevere in subsequent hearings, and ultimately triumph on another appeal.
SEC’s Upcoming Appeal
SECFollowing ‘s unexpected decision to drop charges against Ripple’s Brad Garlinghouse and Chris Larsen, the price of XRP rose over 8%. This sparked a frenzy of celebration in the XRP community. But legal commentators warn that the SEC’s strategy may be aimed at speeding up the appeals process. By voluntarily denying the charges, the SEC could step up its fight against Ripple rather than waiting until the case is resolved next spring.