Lawyer Jeremy Hogan has dismissed speculation that Donald Trump’s decision to include XRP in the US crypto reserve will accelerate the resolution of the Ripple vs SEC lawsuit.
While Trump’s move has fueled enthusiasm in the XRP community, Hogan maintains that the case is still expected to drag on until at least May 2025.
Hogan reiterated his stance via an X post, predicting that SEC appeals will likely be dismissed by mid-April, with the final resolution expected in May. When asked whether Trump’s endorsement of XRP could speed up the lawsuit’s conclusion, Hogan responded, “I don’t think so…” However, he acknowledged that legal timelines are unpredictable, leaving room for potential shifts.
The lawyer also pointed to the ongoing legal complexities surrounding Ripple, particularly the injunction imposed by Judge Analisa Torres. This injunction prevents Ripple from selling XRP as securities to the public, complicating its ability to pursue a future IPO. Hogan suggested that Ripple’s efforts to lift this restriction could be contributing to the lawsuit’s prolonged timeline.
Despite the uncertainty surrounding the case, Trump’s crypto reserve announcement has had a tangible impact on market sentiment. The crypto market surged past $3 trillion, marking a 5% increase, while XRP saw a 14.12% jump in price, now trading at $2.57. Investor confidence soared, with XRP’s 24-hour trading volume spiking by 514% to $20.44 billion. However, legal experts caution that while market enthusiasm is high, a swift resolution to the SEC lawsuit remains unlikely.
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