Ripple vs. SEC: Lawyer Predicts Case Resolution by May Amid Injunction
The SEC v. Ripple Labs case is almost over but there is one big hurdle to clear. Jeremy Hogan points to the Judge Analisa Torres injunction that prohibits Ripple from selling certain securities to the public.
This is a big problem for Ripple’s IPO plans and a major sticking point in the case. According to Hogan, Ripple’s attempt to get the court to dissolve the injunction is the reason for the delay.
Unlike other high profile SEC cases (e.g. Coinbase and Gemini which have been dismissed) Ripple’s case is more complicated because of the existing ruling.
Thus, the SEC vs Ripple case is closed pic.twitter.com/HK5oPSy7uR
— Baba78 (@P_will_be_free) March 3, 2025
Key Facts on the Injunction Delay:
Judge Torres’ ruling limits Ripple’s ability to sell securities.
Ripple wants the injunction lifted to facilitate future business plans.
Dissolving the injunction is a long process and won’t be done until April or May.
Legal Strategy for Ripple’s Case Resolution
Under Fed Rule 60 courts can reconsider judgments in special circumstances (new evidence or errors). But Ripple’s challenge is that the injunction is based on the Howey Test, a long standing U.S. Supreme Court precedent that defines securities.
For Ripple to succeed in getting the injunction lifted its legal team must present a good argument as to why the ruling should no longer apply. This involves drafting a motion that the SEC will have to review before any agreement is reached.
Hogan’s Perspective:
Ripple must draft a strong motion to challenge the injunction.
SEC will have to agree on key points.
Case will be resolved in April with full closure by May 2025.
i imagine that ripple plans to burn the uncirculated supply once the time is right. it makes sense in terms of preventing overvaluing xrp before the token’s future was clear economically. especially cuz crypto didn’t get super big until around 2020 when the sec started their case
— OBLVN JB (@oblvnus) March 3, 2025
XRP Gains Ground Despite Legal Uncertainty
Despite the legal issues XRP is moving. A recent announcement from President Donald Trump said XRP is in the U.S. Crypto Strategic Reserve, a big plus for XRP’s future.Wait and see.
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