SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a security, burdening XRP’s potential for long-term price growth.
It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. However, a crucial summary decision in the case of Ripple v. SEC is imminent, and fresh developments could change the outcome.
Jeremy Hogan, a legal analyst, has stated that the Ripple vs. SEC lawsuit could likely conclude in July.
The Judge in the Ripple case has been making major rulings about every 9 weeks (Sept. 29, Dec.19, March 6, May 16). And the only major ruling left is on Summary Judgment.
That comes out to mid-July.
NOT a prediction. JUST a pattern. https://t.co/jUM5GNG7Th— Jeremy Hogan (@attorneyjeremy1) May 25, 2023
Will the Ripple lawsuit conclude any time soon?
Hogan recently shared his observations on the case via Twitter, highlighting a pattern in the timing of previous significant rulings.
According to his observation, significant rulings in the Ripple case have been consistently occurring approximately every nine weeks. Notable rulings were made on September 29, December 19, March 6, and May 16.
As the only major ruling left pertains to Summary Judgment, people say that the ruling may come in the middle of July. However, it is important to note that this is merely based on a pattern and should not be interpreted as a definitive prediction.
With the community anticipating Ripple to win the lawsuit, a positive outcome could push XRP’s credibility higher.