Ripple's Legal Battle With SEC Over XRP Could End Within Days

A legal expert has outlined how the SEC's lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court's injunction—may complicate the resolution.

The U.S. Securities and Exchange Commission's lawsuit against Ripple over XRP could be finished within days if the parties involved reach a private settlement agreement, according to legal expert Jeremy Hogan.

His comments came in response to Fox Business journalist Eleanor Terrett, who shared an update on X, formerly Twitter, stating that her sources indicated the case was “in the process of wrapping up and could be over soon.”

However, Hogan pointed out a major hurdle—the court's injunction against Ripple. "Assuming the injunction is the sticking point, the SEC would have to agree not to enforce the court’s injunction. I have a hard time believing the SEC would agree to that, but possibly it could agree to something more oblique, such as providing Ripple a path to actually register sales of XRP to institutional investors (for example). Meaning, Ripple could get what it needs, while the SEC doesn’t blatantly snub the court’s order. Meaning, it can be done," he explained.

Earlier, another lawyer, James Murphy, suggested that Ripple might be the reason for the delay, as it pushes for better settlement terms, including vacating parts of Judge Analisa Torres' ruling.

He speculated that while the SEC might be willing to settle with a $125 million penalty, Ripple could be negotiating to remove some of the more restrictive aspects of the court's decision.

This aligns with Terrett's reporting that Ripple's legal team is working to avoid accepting terms that could be seen as an admission of wrongdoing.

If Ripple and the SEC reach a deal, it would bring an end to a legal battle that has spanned multiple years, significantly shaping both the crypto industry and regulatory policy.

Hogan highlighted that a settlement is the most likely scenario for a rapid resolution, adding: "This is the only way I can see the case resolving any time in the next couple days or weeks."

Hogan further noted that this "would apparently be consistent" with what Terrett is reporting, which is "settlement agreement." However, with no set precedent for this situation, it remains unclear whether the negotiations will conclude quickly or continue to drag on.