The SEC vs Ripple Lawsuit has been going on for three years now. The Summary Judgement was not the end, and after the denial of the interlocutory appeal filed by SEC, the judge ordered new trial dates. Amidst all this curiosity, attorney Jeremy Hogan comments that settlement is the last option for the SEC.
Jeremy Hogan’s Opinion
Bowing to sarcasm, Jeremy posts a series of threads to his post and states various possibilities as to what could happen.
As per his ‘Option #3’, which has gotten widespread attention, Jeremy states that the SEC can settle all its litigation lawsuits against Ripple and individual defendants.
Hogan says, “Settlement can be a good option for the SEC. It gets to publish another “win” and collect a big check from the bad guys. The Judge cleared this path for them, clarifying that her ruling only applies to the facts specific to XRP .”
He states that the chance of SEC applying for settlement is 18.987%.
What’s The Remaining 81.013% Chances of Happening?
Chance: 39.456% – As per Jeremy Hogan, the SEC will likely move forward with the trial in April 2024, per the new trial dates released by Judge Torre’s order. However, the SEC will likely lose in the trial with its “dirty laundry aired simultaneously.”
However, the SEC will likely again appeal the parts of the judgments favored to Ripple that it doesn’t like. As a result, the appeal, appeal hearing, and the case trial might go on till June 14, 2027, at the most.
Chance 32.113% – This is Jeremy Hogan’s ‘Option #2’. He predicts that it can be possible for the SEC to settle litigations against individual defendants, move forward with its trial against Ripple, and then appeal the judgment or any part that it does not find fair enough.
This can be the SEC’s best option so far as it can proceed the case 9-12 months faster while also saving resources.
Denial of Further Trial
Ripple XRP’s attorney, John Deaton, denies the occurrence of further trial in the SEC vs Ripple Lawsuit. Voicing his opinions in a recent interview with Thinking Crypto, Deaton predicts that the judge’s prior decisions, the SEC’s dearth of compelling evidence, and the possible exorbitant costs of a trial all contributed to the SEC’s high chances of not proceeding with the trial due to their poor chances of victory.