Counting days to end SEC-Ripple lawsuitSignals were given that the end was near. Lawyer Jeremy Hogan Ripple’s lawsuit with the SEC, according to a document shared on Twitter by 26 August to 18 November may result between
When will Ripple v. SEC case end?
Ripple thinks it will end sometime between Aug. 26 and Nov. 18.
In its pending class action, Ripple agreed to move the case start back to Nov. 18 in belief that the SEC case will be finished before then.
Of course, it can settle ANYTIME. pic.twitter.com/fVawdduiNs
— Jeremy Hogan (@attorneyjeremy1) March 6, 2022
According to the statements in the document shared by the lawyer, it is stated that the rescheduling of the Ripple-SEC case will reduce the burden on the parties and the court by narrowing the issues in the dispute and facilitating the discoveries in the case.
Commenting on the latest developments, Hogan said:
…I think if Ripple wins the SEC case in September/October, this case will end because of the estoppel collateral.
Estoppel: A principle in law that prevents a person from asserting anything contrary to what a previous action or statement or previous relevant judicial decision implied.
Predictions for the SEC Litigation
The Ripple case, which began last year and many analysts made speculative comments on its outcome, has since witnessed dozens of evidence, appeals and adjournments.
Attorney John Deaton, who represents more than 65,000 XRP holders, predicted earlier this year that the case could close next year due to the delaying tactics used by the SEC.
However, especially Judge Sarah Netburn’s examination of the evidence in front of the camera significantly increased the belief that the case would not be extended until next year. After this development, the expectations for the court to persuade the SEC to mediate increased greatly.
According to Rumors, A Deal Has Already Been Reached!
According to what was spoken in the backstage, an agreement has already been reached in favor of Ripple. It is even claimed by many that Ripple CEO Brad Garlinghouse even hinted at this in his recent speeches.