The SEC/Ripple lawsuit has been ongoing since December 2020. Since then, it has had many twists and turns. The verdict has been awaited for some time. But the judge in charge of the case delays his decision. Opinions remain very divided as regards the outcome of the trial. For lawyer Jeremy Hogan, the SEC / Ripple lawsuit may even continue beyond 2026.
SEC/Ripple lawsuit: a case whose outcome is crucial for the crypto world
The SEC/Ripple lawsuit is not just a dispute settlement between a regulator and a crypto company. The outcome of the lawsuit is decisive for the crypto world in general. Indeed, the judge’s decision will seal the fate of crypto regulation in the United States. She goes define whether the cryptocurrency is a security or a commodity.
A trial that is likely to continue beyond 2026
According A declaration lawyer Jeremy Hogan, the SEC/Ripple lawsuit could continue beyond 2026. Indeed, everything would depend on the outcome of the case. In concrete terms, the trial is likely to last another three years due to the appeal procedure.
John Deaton, the founder of CryptoLaw, shared his opinion on the reasons which can explain the delay of decision of the judge Torres. This eminent lawyer thinks that the first reason comes from the sensitivity of this case. Recognizing this, Justice Torres does not wish to err in her summary judgment. Which is totally understandable!
According to Deaton, the judge takes intelligent and thoughtful measurement delaying the decision. Despite herself, she finds herself between a rock and a hard place. She knows well that any decision against Ripple would force her to appeal. Conversely, it will have to defend its decision with the SEC in the event that it rules in favor of Ripple.
Pro-cryptos are eagerly awaiting Justice Torres’ ruling on the SEC/Ripple lawsuit. Most do not hide their concern about the future of cryptocurrency, if Ripple ever loses. A defeat would in fact lead stricter crypto regulations.
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