XRP lawsuit is now believed to end in August – September 2022 – Attorney Jeremy Hogan

Rick Steves

Attorney Jeremy Hogan added that the parties can stipulate a shorter time frame and the judge would agree with that. “But do you think the SEC would agree to shorter time frames? Me neither!”

In a move that added frustration within the digital asset space, namely among XRP investors and legal advisers for cryptocurrency firms and foundations, the expert discovery in the SEC v. Ripple lawsuit has been extended for one more month.

The change in schedule led XRP community leading figure, attorney Jeremy Hogan, to sum it all up and conclude the case is likely to meet its judicial end in August – September 2022.

XRP lawsuit could have ended in January 2022

Throughout the entire SEC v. Ripple lawsuit, Mr. Hogan has been asked multiple times when would the lawsuit end. The concern over the time frame is understandable given that XRP holders have their hard earn cash on the line.

In his first prediction, the lawsuit would end about now: “I don’t see the case being decided at summary judgment until early 2022 – maybe January”, Hogan said in June 2021.

Later that year, he updated his predictions amid two extensions in fact discovery – one requested by the SEC alone and the other filed in a joint motion.

Until now, Jeremy Hogan defended the idea that April could dictate the outcome of the lawsuit and free XRP holders from their frozen assets in US-based trading platforms.

Judge Sarah Netburn, however, has granted a new joint motion to extend expert discovery by a month due to the rapid spread of the COVID-19 variant, Omicron, and other personal matters.

Since Ripple agreed to the extension, the likelihood of the judge rejecting the motion was null. Expert discovery is now scheduled to end on 28 February 2022.

FX and CFD brokers must go multi asset: Join free webinar from TraderEvolution to learn how

April prediction was “very very very optimistic”

In a video published yesterday, attorney Jeremy Hogan admitted that his earlier prediction of an ending in April – May was “very very very optimistic”.

Given the discovery cut off and a five month briefing schedule, “we are at the end of July before the judge even gets the case to make a decision”, he explained.

“The decision will take some time and that puts us out to August, September 2022”.

Attorney Jeremy Hogan added that the parties can stipulate a shorter time frame and the judge would agree with that. “But do you think the SEC would agree to shorter time frames? Me neither!”

To conclude, and assuming there won’t be any future and unexpected delays, the new prediction is that the SEC v. Ripple lawsuit won’t be decided judicially until at least August 2022 and more likely September of this year.

A settlement is still possible, namely if the SEC feels threatened by Ripple’s findings and arguments throughout the next few months. While it would be natural for Ripple to want a settlement in order to get back to orderly business, chief executive Brad Garlinghouse has said he wants to take the case to the very end.

 

Read this next

blockdag

30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.

blockdag

IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.

blockdag

May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.

blockdag

Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.

Chainwire

BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”

blockdag

AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

blockdag

BlockDAG’s $32.8M Presale Outshines Retik Finance’s MEXC Listing, Featuring Cutting-Edge Dashboard Innovations

Explore how BlockDAG’s innovations overshadow Retik Finance’s MEXC debut, attracting investors to its vibrant platform for unparalleled gains.

blockdag

Top Altcoins To Watch: BNB And Injective Signal Market Upswing, BlockDAG’s Dashboard Spurs Investor Enthusiasm As Presale Surpasses $32.9M

BlockDAG outshines in our comparison of BNB Breakout Prediction, Injective (INJ) News, and Top Altcoins to Watch. Discover why BlockDAG is the best choice.

<