Jeremy Hogan, a pro-XRP attorney, suggested that crypto-related SEC cases, particularly Ripple, would lead to changes.
After Donald Trump was elected US President, all eyes turned to Ripple. Ripple, which has long been fighting a legal battle with the SEC, could reach a happy ending with Trump, who is positive about the crypto industry. As is well known, Trump said during his campaign that he would fire SEC Chairman Gary Gensler.
Famous lawyer Hogan answered questions from the Ripple community. The lawyer predicted that crypto cases, aside from fraud cases, will be dropped one by one next year. XRP investors will be waiting for Trump to take office on January 20th.
The new US administration may drop the Ripple case.
The crypto community has begun to assess the environment that may arise in the crypto industry after Donald Trump is elected president. Key names in the crypto industry were asked about the progress of the case between Ripple and the SEC.
Hogan, a well-known lawyer, made the remarks at an XSpace session hosted by former SEC official John Reed Stark. Hogan predicted that SEC lawsuits against crypto firms could be resolved next year. Gensler is expected to resign before Jan. 20, according to Hogan. Hogan noted the following;
“With Gensler leaving office, the Trump administration may appoint a pro-crypto chairman to the SEC. “The new president can ensure that all non-fraudulent crypto cases, including the Ripple case, are resolved.”
Specifically, Ripple is expected to pay its $125 million fine to settle with the SEC. A US court fined Ripple $125 million for violating federal securities laws through institutional sales of XRP. Although the Ripple party was willing to pay the penalty in question, the SEC party appealed the case and delayed the payment.
New Era at SEC: Pro-Crypto Name
SEC Chairman Gary Gensler, who has put pressure on the crypto industry, is expected to step down. It is believed that Trump will entrust the SEC with a pro-crypto president. Hester Paris, known as the “Mother of Crypto,” may be the new SEC chairman, according to Reuters.
Another name that could head the US regulatory agency is Dan Gallagher, Robin Hood’s chief legal officer. UToday noted that Gallagher is likely to become SEC chairman. Gallagher served as commissioner of the SEC from 2011 to 2015.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
