Jeremy Hogan, a prominent lawyer, recently took to X (formerly Twitter) to provision possible future scenarios for the case. The legal analyst suggested that a resolution could be in sight by 2027.
Possible results
In a series of posts, Hogan outlined two main possibilities for the case moving forward. First, he emphasized that there is a 32.113% chance that the SEC will choose to resolve the case against individual defendants, then proceed to obtain a final judgment against Ripple and subsequently appeal that decision.
This, he mentioned, would be the SEC’s best course of action, although he expressed skepticism about the SEC choosing this path.
Going this route would allow the SEC to get to an appeals court 9 to 12 months faster, effectively saving resources.
Once an agreement is reached between the individual defendants, the litigation would move directly into “reparations” proceedings. However, litigation over reparations is extensive and will likely extend well into 2026.
Alternatively, Hogan discussed the possibility of the SEC resolving all litigation against Ripple and individual defendants. Although this could happen during a settlement conference, the SEC has shown minimal willingness to settle.
The way to follow
Despite the SEC’s denial of the interlocutory appeal, experts agree that a post-trial appeal remains a viable option.
As U.Today reported, legal luminaries such as Max Schatzow, Cody Carbone and Elliott Z. Stein have agreed that the recent denial refers only to the immediate appeal before a final verdict.
The standard litigation process allows for post-trial appeals after all remedies have been determined.
