A US Attorney’s Bold Prediction Regarding the Outcome of the Ripple Case


As he tweeted, Jeremy Hogan, a U.S. attorney and partner at Hogan & Hogan, agrees with James K. Filan’s estimate of when Judge Torres may rule on the expert motions and summary judgement.

James K. Filan, in providing an up-to-date schedule of events in the Ripple litigation, noted that despite the modest change in events, he is confident that District Judge Torres would rule concurrently on both the expert motions and the summary judgement arguments on or before March 31, 2023.

This indicates that the matter will likely be resolved within the next four months, which is an extremely optimistic forecast.

According to U.Today, Ripple CEO Brad Garlinghouse promised conference delegates at DC Fintech Week that the SEC litigation against Ripple will be concluded in the first half of 2023. According to Garlinghouse, the litigation may be resolved within the next three to four months. However, he would not rule out the chance that it may take longer.

Ripple might explore settling with the SEC, according to Garlinghouse, but XRP must first be recognised as a non-security.

In September, both the SEC and Ripple filed petitions for summary judgement, requesting that District Judge Analisa Torres render a decision based on the reasons presented in supporting papers. Ripple and the SEC have each submitted opposing filings to the other’s request for summary judgement.

According to an earlier calendar of proceedings in the case, the answers to the summary judgement motions were to be submitted by November 15, but this deadline has been advanced to November 30. By this date, all briefings are expected to be concluded and Judge Torres’ final decision is anticipated.

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