Expert Highlights 7 Possible Endings for Ripple Vs SEC Case

The ongoing legal tussle between the U.S. SEC and Ripple has garnered significant attention recently, with top experts speculating on the potential outcome of the lawsuit.

In the latest development, XRP enthusiast Ashley Prosper, who previously filed a FOIA request with the SEC regarding its communication with JPMorgan about Ripple and XRP, has shared seven possible ways the SEC v. Ripple lawsuit might end.

7 Potential Outcome of SEC v. Ripple 

According to Prosper, the parties in the lawsuit might agree to a settlement, thus ending the multi-year legal battle. He noted that a settlement might happen at any time.

It is worth mentioning that there are no ongoing talks regarding a settlement. While Ripple is open to ending the dispute via a settlement, the SEC has not revealed any intention to settle.

Secondly, Prosper speculated that the SEC v. Ripple lawsuit could end with both parties accepting the remedies ruling from Judge Analisa Torres. In this scenario, the expert predicted that none of the parties would appeal the judge’s decisions, including the summary judgment and remedies ruling. He highlighted the 2024 ending as the potential timeline for this scenario to occur.

For the third potential outcome, Prosper noted that any of the parties or both could appeal to the Second Circuit after the remedies phase. He speculated that if the court agrees with Judge Torres’ decision and none of the parties goes to the Supreme Court, the case might end by 2025 – 2026.

Other Possible Ways SEC v. Ripple Case Might End

The fourth potential outcome highlighted by Prosper involves either Ripple, SEC, or both parties appealing to the Second Circuit after the ruling with respect to remedies. Prosper noted that even if the Second Circuit agrees with Judge Torres’ decision and any parties take the case to the Supreme Court, the lawsuit could end by 2026 – 2027.

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For the fifth potential outcome, the expert said the lawsuit might end with the parties accepting a new ruling from Judge Torres after the Second Circuit remands the case back to her. The potential timeline for this scenario is between 2025 and 2026.

Furthermore, the sixth possible way the lawsuit could end involves either party appealing to the Second Circuit and the higher court disagreeing with Judge Torres’ reasoning and remanding the case.

Prosper said if one of the parties still appeals the new ruling, but the Second Circuit agrees with the decision, the case will end in 2026 – 2027 if the aggrieved party does not take the case to the Supreme Court.

Lastly, in the seventh point, he noted that the lawsuit might end by 2027 – 2028 if one of the aggrieved parties takes the case to the Supreme Court after losing on appeal.

Current Status of the Lawsuit

At the moment, the case is still in the remedies phase, which will determine the appropriate remedy for Ripple’s securities law violations through its institutional sales of XRP.

The SEC recently recorded a major victory against Ripple. As reported earlier, Magistrate Sarah Netburn compelled Ripple to produce its audited financial statements from 2022 to 2023 and post-complaint contracts the company used to sell XRP to institutional clients.

The company, which was initially given till February 12 to produce the document, requested a one-week extension to the deadline.