Attorney Hogan still thinks a settlement is possible in the Ripple vs. SEC lawsuit.
Attorney Jeremy Hogan, a Partner at Hogan & Hogan law firm, is not ruling out the possibility that a settlement could happen soon in the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC).
According to attorney Hogan, a settlement between the parties could occur from now until November ends.
Hogan made the assertion in response to a tweet made by an XRP holder. In a tweet, the user sought to see if the parties could settle this month, as speculated by attorney Hogan a year ago.
“Hi Jeremy! About a year ago you stated that around Sept 13th would be the most likely settlement date… Do you still believe it could happen?” the Twitter user quizzed.
Responding to the question, attorney Hogan said: “Most likely. [The] settlement timeframe is from now until the end of November because the cards will be on the table.”
Most likely settlement timeframe is from now until end of November because the cards will be on the table.
— Jeremy Hogan (@attorneyjeremy1) September 5, 2022
Lingering Crisis Between Ripple and SEC
The ongoing lawsuit between Ripple and the SEC has lingered for over a year, which has badly affected the price of XRP.
XRP holders are left to endure the havoc caused by the lawsuit as they hope that the parties will reach an agreement on or before March 31, 2022.
Both parties do not look like a settlement could be reached anytime soon. While the SEC wants to make a scapegoat out of Ripple, the blockchain company wants to end the SEC’s stringent regulatory practices in the crypto sector.
Attorney Deaton: A Settlement Could Happen Only If…
However, some experts believe a settlement is imminent based on certain developments in the lawsuit. Recall that the court has insisted that the SEC produce the internal documents that led to the formulation of the controversial William Hinman’s speech.
Despite all efforts to keep the documents away from Ripple, Judge Sarah Netburn refused to agree with the SEC’s motions. With the SEC still committed to keeping Hinman’s documents, John Deaton, an attorney representing over 72,000 XRP holders in a class action against the SEC, believes the agency would likely settle with Ripple rather than produce the documents in court.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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