Attorney Jeremy Hogan believes a private settlement between the U.S Securities and Exchange Commission and Ripple could end the legal battle, eliminate the appeals process, prevent further delays, and provide XRP with the regulatory clarity it requires.
The rumors intensified after well-known cryptocurrency influencer X Finance Bull referred to Hogan’s disclosure as a “bombshell” for XRP.
According to X Finance Bull, such a settlement would allow Ripple to move forward legally, give institutions the confidence to deal with XRP and usher in a new era for digital assets.
Fox Business journalist Eleanor Terrett’s post stating that the lawsuit is “in the process of wrapping up and could be over soon” sparked fresh rumors about a potential settlement.
Jeremy Hogan was immediately drawn to this statement and highlighted how the case might be resolved swiftly. Hogan concluded that a private settlement between Ripple and the SEC was the only practical way to end the legal drama that had weighed negatively on XRP.
This would entail rejecting the SEC’s appeal of Judge Analisa Torres’s decision, preventing a retrial, and negotiating a private settlement that doesn’t need court approval, saving both parties from a protracted legal battle that might go on for years.
Hogan noted a major obstacle, even though a settlement seems to be Ripple’s best option: the SEC had previously obtained an injunction against Ripple that limited some XRP sales.
The SEC would have to consent to not enforcing that injunction for a private settlement to be successful. Hogan surmised that a more deceptive strategy might offer an answer.
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