Legal expert Jeremy Hogan has expressed optimism that the Ripple lawsuit will be settled before the approval of an XRP Exchange-Traded Fund (ETF). Hogan, known for his insights into cryptocurrency legal matters, shared his views after the XRP community raised questions regarding the potential timeline for both the lawsuit’s resolution and the ETF’s approval.
Ripple Lawsuit Expected to End Before XRP ETF Approval
Hogan’s prediction came in response to queries from the XRP community regarding which event—Ripple’s lawsuit settlement or the approval of an XRP ETF—would happen first. In a post on X, Hogan remarked that he believes the Ripple lawsuit will be resolved sooner than the potential ETF approval, which could take up to 12 months. He emphasized that while the lawsuit could be settled first, the ETF’s approval process is likely to be drawn out due to regulatory requirements, despite growing institutional interest.
Rising Institutional Interest in XRP ETFs
Institutional players like Grayscale Investments and several other asset managers have shown increased interest in launching XRP ETFs. Grayscale has filed a form with the NYSE to convert its XRP Trust into an ETF, while the CBOE BZX Exchange has submitted 19b-4 applications for various XRP ETFs in collaboration with firms like Bitwise, 21Shares, and WisdomTree.
However, the ongoing Ripple lawsuit raises questions about the possibility of ETF approval while the legal battle persists. Despite the uncertainty, there is optimism within the XRP community, with some noting that XRP holds a unique position in the altcoin space due to its partial legal clarity in the U.S.
The Ripple Lawsuit and ETF Approval: Which Will Come First?
The Ripple lawsuit against the SEC has made progress with some partial victories, but the legal battle remains unresolved, creating tension among XRP supporters. Hogan’s statement aligns with the widely held belief that the ETF launch would likely occur only after the lawsuit is concluded. He explained that the process for an ETF approval could stretch over several months due to regulatory procedures, further solidifying his belief that the Ripple case would be resolved first.
The SEC’s Changing Leadership and Potential Impact on Ripple Case
The XRP community is also awaiting potential changes in leadership at the SEC, with Paul Atkins set to take over as the new SEC Chair, following his appointment by former President Donald Trump. While Mark Uyeda currently serves as Acting Chair, many XRP enthusiasts are hopeful that Atkins’ leadership will bring a conclusion to the lawsuit. Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed optimism that the new SEC leadership could lead to a more favorable resolution, possibly even a voluntary withdrawal of the case by 2025.
While the process for Atkins’ appointment and ETF approval remains lengthy, the XRP community continues to closely monitor the developments, hoping for clarity on both the lawsuit and the much-anticipated ETF.
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