XRP excited investors: "Ripple case will be dropped"

XRP supporter lawyer Jeremy Hogan claimed that there will be changes in crypto-related SEC lawsuits, including Ripple.

After Donald Trump's election as president of the United States, attention turned to Ripple. Ripple, which has been in a legal battle with the SEC for a long time, could reach a happy ending with Trump, who has a warm view of the crypto industry. As is known, Trump stated during his election campaign that he would dismiss SEC Chairman Gary Gensler.

Famous lawyer Hogan answered questions from the Ripple community. The attorney predicted that crypto cases other than fraud cases will be dropped one by one next year. XRP investors will wait for Trump to take office on January 20th.

The new administration of the US can resolve the Ripple case

The crypto community has started to evaluate the atmosphere that may occur in the crypto industry after Donald Trump's election as president. Important figures in the crypto sector were asked about the progress of the case between Ripple and the SEC.

Famous lawyer Hogan made statements during an X Spaces session by former SEC official John Reed Stark. Hogan predicted that the lawsuits filed by the SEC against crypto companies could be resolved next year. According to Hogan, Gensler is expected to resign before January 20. Hogan recorded the following;

With Gensler's departure, the Trump administration can appoint a crypto-friendly president for the SEC. The new president can ensure the resolution of all non-fraudulent crypto cases, including the Ripple case.

Especially Ripple is expected to pay a fine of $125 million to settle with the SEC. The US court had imposed a $125 million fine on Ripple, stating that XRP violated federal securities laws through corporate sales. Although Ripple is willing to pay the fine, the SEC has delayed the payment by appealing the case.

A new era at the SEC: Crypto-friendly figures

SEC Chairman Gary Gensler, who is believed to be stepping down, has been putting pressure on the crypto industry. It is thought that Trump will entrust the SEC to a crypto-friendly chairman. According to Reuters, Hester Peirce, known as the “Crypto Mom,” could be the new chairman of the SEC.

Another name that could take over as head of the US regulatory agency is Dan Gallagher, Chief Legal Officer of Robinhood. UToday noted that Gallagher is highly likely to become the chairman of the SEC. Gallagher served as a commissioner at the SEC from 2011 to 2015.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.