Ripple placement coming? Legal expert reveals when XRP lawsuit may end

Crypto legal expert and Ripple supporter Jeremy Hogan hints at when the San Francisco-based payments firm's lawsuit with the US Securities and Exchange Commission (SEC) could conclude. In a new video, Hogan says there will likely be an agreement between Ripple and the SEC after the discovery phase, which is the pre-trial phase of a case in which both parties present relevant information and evidence. Hogan predicts when the exploratory phase will end and therefore an agreement can be reached between Ripple and the SEC. "There will be no deals until the conclusion of the expedition. Can it be resolved by then? Yeah, I don't think it's very likely. So any deal is likely to happen after the facts come out, which is now early September and more so after October 16. likely. And if a decision is not reached, then I think Judge Torres will rule on two main cases in summary judgment. If you look briefly at the summary judgments, you can see there that requests for summary judgments must be made within 30 days of the conclusion of the discovery. Parties emerge competing for motions for the summary judgment to be filed within 30 days at the latest, and that's November 16 for us." If the case isn't resolved, Hogan envisions a series of back and forth reactions. summary judgment motion extending the case beyond November and into 2022. "I don't see the case being decided in the summary judgment until early 2022, maybe January." The attorney says the SEC is likely in no rush to finalize the case, noting that the top regulator was successfully given a two-month extension to the discovery process, adding, "I see no reason why the SEC in this case, the more time passes the SEC's settlement position. the better, because more pain for Ripple I see this every day in my business as many of my clients are fighting against big insurance companies.

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