The protracted legal battle between the US Securities and Exchange Commission and blockchain leader Ripple could see a potential resolution by 2027.
Jeremy Hogan, a prominent lawyer, recently used X (formerly Twitter) to outline potential future scenarios for the case. Legal analysts have suggested that a solution could be on the horizon by 2027.
Possible consequences!
In a series of posts, Hogan outlined two key possibilities for the case moving forward. First, he emphasized that there is a 32.113% chance that the SEC will choose to settle the case with the individual defendants, then stated that they may pursue a final decision against Ripple and appeal this decision.
He stated that this would be the SEC's best course of action, but expressed skepticism about the SEC choosing this path.
Choosing this route will allow the SEC to reach the appeals court approximately 9-12 months faster and will effectively save resources.
Following the individual defendants' settlement, the case will proceed directly to "settlement" proceedings. However, remedies litigation is extensive and will likely extend into 2026.
Alternatively, Hogan discussed the possibility of the SEC ending all lawsuits against Ripple and individual defendants through settlement.
Although this could occur during a settlement conference, the SEC has demonstrated minimal inclination to be willing to compromise.
The Way Forward
Despite the SEC's denial of the interlocutory appeal, experts agree that a post-trial appeal remains a valid option.
As part of the legal system, appeals allow parties who feel they have been wronged in a case to protect their rights.
Leading jurists such as Max Schatzow, Cody Carbone, and Elliott Z. Stein agree that the recent denial relates only to an urgent appeal before the final decision.
The standard litigation process allows for post-trial appeals after all remedies have been determined.
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