According to Jeremy Hogan, one of the lawyers that the XRP community is keenly following, the Ripple-SEC case is expected to be resolved by April 2022.
Jeremy Hogan, a Lawyer who has been following the case closely, believes the Ripple-SEC lawsuit will likely conclude by April 2022. Responding to an XRP user who asked his honest and realistic opinion on when the Ripple case will conclude, the lawyer said that the chances of the case being extended until after the summer are quite low.
Jeremy Hogan, who also served as the US legal counsel for the XRP2 project, said that his best guess for the resolution of the case is April, and at worst, the case will be resolved in the summer. Ripple CEO Brad Garlinghouse also commented on the course of the case earlier and stated that he hopes the case will be resolved by 2022.
Garlinghouse spoke about the progress of the case in an interview with CNBC in late November. The CEO, who claims that Ripple has made significant progress in its legal battle with the US Securities and Exchange Commission; “We are making pretty good progress despite a slow judicial process,” he commented.
In December 2020, the SEC claimed that Ripple and its executives had sold $1.3 billion worth of XRP in an unregistered security offering, after which the parties got into a major legal battle. Brad Garlinghouse also expects this lawsuit, which focuses on XRP, the eighth largest cryptocurrency, to conclude in 2022.
Is Everything OK For Now?
As in the case developments previously reported by KoinFinans; The Ripple case has made great progress this year. The court’s decisions, led by Magistrate Judge Sarah Netburn, resulted in several key victories for both Ripple and the SEC. As one of the biggest victories for Ripple; In July, the court allowed the testimony of former SEC senior official William Hinman.
CEO Brad Garlinghouse stated in a series of tweets on the first anniversary of the lawsuit that Ripple is having its best year to date, despite the legal battle with the US Securities and Exchange Commission.
Fast forward to 2022, and the expert reconnaissance is expected to conclude on January 14, as both parties submitted a motion to move to that date on December 10.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.