Attorney Jeremy Hogan expects the legal confrontation between Ripple and the US Securities and Exchange Commission (SEC) to be settled in July. Hogan recently shared his insights on this case on Twitter.
The court ruling is expected in July
Hogan recently shared his insights on this case on Twitter. His analysis found that Judge Torres makes key rulings in a pattern of about nine weeks. Major decisions fell on dates such as September 29, December 19, March 6 and May 16, with an upcoming decision focusing on a preliminary injunction.
With this pattern in mind, Hogan suggests the next critical decision will probably come by mid-July. However, he emphasized that this is not a definitive forecast, but rather an observation of an existing trend.
Ripple is optimistic
Hogan’s prognosis follows Ripple CEO Brad Garlinghouse’s expression of optimism about an impending court decision. In a recent conversation, Garlinghouse explained that he strongly believes in a court ruling within this calendar year, stressing that it could come in weeks rather than months.
Garlinghouse indicated that a judge recently rejected an attempt by the SEC to hide some information from a speech by ex-SEC employee Bill Hinman. The decision will make notes and emails about the speech available to the public, likely around June 13. Garlinghouse sees this as a major victory for openness. The CEO also said he is concerned that the SEC seems to value politics more than good policy. As a result, companies and entrepreneurs are more likely to go abroad.
Despite the challenges, Ripple remains steadfast and optimistic, which is good news for investors. A positive court ruling could give a significant boost to the price of the XRP token.
