Friday, the cryptography sector was jubilant when Coinbase announced that American securities regulators were about to reject legal action for the exchange of crypto.
The surprising U-Tour by the Sec has triggered various reactions through the cryptographic community, including the XRP community, which is optimistic about the resolution of the Ripple c. Dry, which is now at the stage of calls.
In response to Coinbase News, the former SEC official, John Reed Stark, plans that “the Ripple call is also certainly online for the dismissal”.
In this sense, the lawyer and passionate of XRP, Jeremy Hogan, believes that an earlier resolution is definitely at stake, predicting the first half or May. In another answer X, Hogan said he was “stood in April” on the resolution of the Ripple trial.
An earlier resolution is definitely at stake, but I still think it could be May.
May or the first half of April. Just an intuition.
Hogan, in a previous tweet, stressed that the dry seems to face cryptographic disputes as the deadlines are closer, which means that they reject or ask for extensions as the deadline is approaching. For Ripple, the next deadline for his case is April 16, which is why he has not yet been treated.
What is the next step in Ripple’s trial?
Recent discussions in the cryptographic community have focused on the question of whether the resolution of Ripple prosecution could take a path similar to that of Coinbase.
Fox Business Eleanor Terrett corresponds, declaring that the Ripple case could be more complex procedural than Coinbase due to an existing ordinance of the Torres judge at the district level to pay $ 125 million in penalty.
Terrett shared a screenshot of part of the final judgment which stressed that Judge Torres will retain his competence on the case for a year (until August 7, 2025) to ensure that the terms of the order are respected.
“Although the dry can choose to drop the call to the second circuit, it should also determine how to approach the district court and possibly achieve an agreement on the penalty decision (reduce or ask to fall) and probably obtain the blessing From Torres as president, “noted Terrett.
Meanwhile, optimism lingers while the SEC makes a radical type of turnaround never seen in its application policy, according to the former SEC official, John Reed Stark. The SEC recently interrupted two crypto calls and published five “crypto-pass” law in recent days. The dry also firm its investigation into Opensea, marking another victory for the cryptography industry.