The SEC plans to appeal in its case against Ripple by January 15, 2025. Jeremy Hogan, a well-known attorney, provides insights into the implications of the SEC’s appeal, suggesting that, despite this move, it may not dramatically alter the possible settlement of the case. This period could signify a pivotal moment in crypto regulation.
Gary Gensler, the SEC Chairman, whose term ends on January 20, 2025, might try last-minute efforts to affect the case. However, Jeremy Hogan remains doubtful about the effectiveness of these actions. This skepticism highlights concerns about the SEC’s approach to crypto regulation and emphasizes the urgent need for clarity in the laws governing crypto.
Marc Fagel, former SEC official, suggests that a leadership change could herald a positive regulatory environment for Ripple and other cryptocurrencies. The crypto community remains cautiously optimistic, as there could be more crypto-friendly policies introduced. The upcoming weeks are crucial as they might determine the regulatory direction and outcome of the Ripple-SEC case.