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Attorney Jeremy Hogan says the XRP case may settle in April or May.
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The case outcome may be affected by the leadership change at SEC on January 20, 2019.
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The Ripple Penalty of $125 Million is on hold because of ongoing appeals.
Jeremy Hogan, a pro-XRP lawyer, suggests that a settlement could be reached in the Ripple vs. SEC lawsuit by April or May. Both Ripple, and the SEC, have appealed to the court the split decision. This has attracted widespread attention.
The court ruled that Ripple’s $700-million institutional sales were illegal offerings of securities and imposed a fine of $125-million on the company. This penalty is currently on hold while the appeal process is underway.
Marc Fagel, a former SEC lawyer, says that the new administration of the SEC might decide to drop the appeal. This could lead to a settlement on the basis of the original ruling.
Fagel’s comments have reignited interest in XRP. Community members are keeping an eye on two key dates: January 15th, the deadline for SEC to file a second appeal and January 20th, when pro-crypto Paul Atkins could take over as SEC Chair.
These key developments may bring regulatory clarity to XRP and the broader cryptocurrency market. Ripple supporters are hopeful that the resolution of the case will propel XRP and the broader crypto market to new heights.
Trump’s Crypto Tax Plan and XRP Future
Trump has announced that he will introduce 0% capital gains tax on domestic cryptocurrency. This would be a major advantage for XRP, as it is the only top-tier cryptocurrency to benefit from such a policy.
Read: Breakout Could skyrocket XRP to $11 with consolidation ?
As speculation grows, XRP is one of the most closely followed assets in the crypto world. Advocates are confident that a positive outcome will not only benefit Ripple, but also chart a course for other crypto projects to navigate uncertain regulatory landscapes.
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