Jeremy Hogan, a prominent lawyer and XRP advocate, recently shared his projections for the future of SEC-led crypto lawsuits in 2025. Hogan’s analysis follows insights from John Reed Stark, a former SEC official. According to Hogan, significant changes could be on the horizon, especially if SEC Chair Gary Gensler steps down, which Hogan predicts may occur before January 20, 2025.
Hogan noted that there is a likelihood that if leadership changed, the fortunes of crypto-related cases in the SEC would also change. He believes that with a new or interim SEC chairperson, that chairman could prioritize settling non-fraud crypto cases. The litigation team may study each case, recommending some for settlement and others for dismissal by the commissioners.
Also Read: Ripple CEO Foresees Brighter Days for XRP Amid Potential SEC Overhaul
Possible Shift Towards Resolution of Non-Fraud Cases
Hogan’s predictions suggest that under new leadership, the SEC would prioritize closing out cases without fraud allegations. It would enable the agency to discharge its general regulatory responsibilities without facing prolonged legal battles with crypto companies. The process that is being proposed would necessitate the review of each case in question and then present the commissioners with suggestions for settlement/-dismissal of same. This might go a long way in simplifying current legal cases with the major firms within the crypto space.
More generally, according to Hogan, one should mention the case of Ripple, which is on behalf of the organization that faces many legal questions regarding cryptocurrencies. He pointed out that some cases that already had a judgment, like Ripple’s, might be settled at the amount of the judgment. With the rulings of this case, Ripple’s settlement figure would amount to $125 million.
The scrutiny of banking services to Ripple has drawn the attention of observers as they had many expectations over the future of cryptocurrency regulations. Such is the case as Hogan projected; a settlement would help create that much-needed legal certainty for other firms along the same line battling with legal cases.
In the coming months, crypto enthusiasts and industry leaders will likely closely monitor Gensler’s position and the SEC’s handling of these cases. A change in SEC leadership could set a new precedent for addressing non-fraud crypto cases, potentially paving the way for a more streamlined regulatory environment.
Hogan’s insights reflect cautious optimism, but the future of crypto regulation remains uncertain as the industry awaits further developments at the SEC.
Also Read: President Trump Aims to Overhaul SEC’s Crypto Regulations
