Ripple and SEC legal battle has lingered for more than a year with many discoveries but all to no conclusion. Many people speculate the lawsuit will end next year including Jeremy Hogan.
Ripple vs SEC Lawsuit Might End Before Summer of Next Year
In an opinion post on Twitter on December 31, Attorney Jeremy Hogan believes the Ripple-SEC lawsuit is expected to end before April 2022. In response to a question from an XRP user who asked for his honest opinion on the end of the Ripple case, the attorney stated that the chances the case could last into the summer was slim.
Jeremy Hogan is also a member of the US team. The XRP2 project legal advisor took April as his best estimate of the resolution of the case, saying that summer would be the worst. Brad Garlinghouse, CEO of Ripple, previously said he hopes the case will close in 2022.
In late November, Garlinghouse spoke about the progress of the lawsuit in an interview with CNBC. He claimed Ripple had made significant strides in its legal battle with the United States Securities and Exchange Commission: “Despite the slow progress of the legal process, we are already making pretty good progress.”
Brad Garlinghouse stated that he expects the case, which focuses on the eighth largest cryptocurrency, XRP, to close in 2022. In the December 2020 lawsuit, the US Securities and Exchange Commission accused Ripple and its executives of selling $1.3 billion in XRP as an unregistered securities offering.
Garlinghouse Says Ripple Has Had its Best Year So Far
According to Fxcryptonews, progress has been made in the Ripple case this year. In the court ruling chaired by Judge Sarah Netburn, both Ripple and the SEC scored several important victories. In July, the court authorized William Hinman, a former senior US Securities and Exchange Commission officer, to testify.
In a series of first anniversary tweets, CEO Brad Garlinghouse revealed that despite the US legal battle, Ripple has had its best year to date. Securities and Exchange Commission.
Fast forward to 2022, and experts’ discovery will take place on Jan. 14 because the two parties came up with a proposal on Dec. 10 to postpone it to this date.