Cryptocurrency investors need to pay attention not only to famous analysts, but also to famous lawyers. Regulatory pressure is threatening a large part of altcoins. Currently, the battle between the SEC and the XRP coin is going on. So, what will the SEC do after receiving a negative response to its appeal? (Official account: Pepe Soha)

XRP Coin Lawsuit Status

You may remember that in the Ripple case, the SEC granted summary judgment on the interlocutory appeal on July 13. However, interlocutory appeals are considered based on their contribution to the U.S. court case. The judge did not accept the SEC’s request to file an interlocutory appeal on the secondary market sales. This decision was originally expected to be made before September 1. However, the decision was postponed to October.

After this good news, the price of XRP coin did not rise as expected. Now it is time to see what will happen next. Jeremy Hogan, who closely follows the Ripple case, points out three possibilities.

Ripple Lawsuit

The SEC has the right to appeal all cases when the entire case is concluded and a final decision is made.

"First possibility: The SEC will proceed with the trial of the individual defendants next April. We can give it a 39% chance. The judge leaves only the most difficult parts of the case for trial. If the SEC goes to court, an appeal application cannot be filed until 2025. This means that the appeal decision will most likely not be made until 2026. Even if the SEC wins, the case will most likely be sent back to Judge Torres for further litigation."

So does the SEC want to take the entire case to trial and then appeal the parts of the Ripple ruling it doesn’t like? That’s fair, but the most likely outcome of this case is a final resolution in 2027. That’s June 14, 2027.”

The second possibility is that the SEC could close its cases against individual defendants and issue a final judgment against Ripple, which it then appeals. Hogan gave that possibility a smaller 32.1 percent chance.

“That’s the best thing for the SEC. That’s why I doubt they’ll do it.

Settlements with individual defendants would reduce the time it takes the SEC to litigate in the Court of Appeals by approximately 9-12 months, thereby saving resources (and reputation) by bypassing a very difficult and extensive case.

After the individual settlements, the cases will move directly to “remediation” cases. However, it will still take months to complete the compensation cases. This is also part of the SEC’s argument that it needs to appeal in advance.

That option will still be available until 2026. August 14, 2026.”

This is the last path to follow.

“The SEC closes all cases against Ripple and individual defendants. Yes, this can happen at a settlement conference. The SEC has been very reluctant to reach settlements so far.”