As anticipation builds for the XRP ETF launch, the crypto community is equally eager for the Ripple lawsuit settlement. While these monumental events are poised to revolutionize the crypto landscape, their arrival timeline remains shrouded in uncertainty. Meanwhile, attorney Jeremy Hogan remains optimistic that the Ripple lawsuit will reach a resolution before the XRP ETF approval.
Jeremy Hogan Predicts Ripple Lawsuit End Ahead of XRP ETF Approval
While more and more asset managers are expressing interest in launching an XRP ETF, there are ambiguities surrounding the Ripple lawsuit settlement. Many wonder if the SEC could greenlight the ETF launch while the prolonged lawsuit remains unresolved. However, legal expert Jeremy Hogan, in an X post, posited that the XRP lawsuit is likely to be resolved ahead of the potential launch of an ETF.
Jeremy Hogan’s remarks were prompted by a question from the XRP community regarding the timeline of the Ripple lawsuit settlement and XRP ETF approval. When an XRP user asked which event would occur first, he stated, “Much more likely the case is settled sooner than the ETF approvals.” This follows Nasdaq’s 19b-4 applications for CoinShares’ XRP and Litecoin ETFs.
Institutional Interest Rises: Will SEC Greenlight XRP ETF?
Asset manager Grayscale Investments filed a 19b-4 form with the NYSE to convert its existing XRP Trust into an ETF. Similarly, CBOE BZX Exchange submitted the 19b-4 applications to launch XRP ETFs for asset managers like Bitwise, Canary Capital, 21Shares and WisdomTree.
Significantly, the approval of the ETF while the Ripple lawsuit is still pending remains uncertain. However, the community remains optimistic about both events. Despite XRP’s legal war with the SEC, Bitget COO Vugar Usi Zade, stated, “XRP holds a unique position among altcoins due to its partial legal clarity in the US.”
Ripple Lawsuit or XRP ETF- Which Will Come First?
Despite Ripple’s partial victories against the SEC, the long-held lawsuit hasn’t found an ultimate end. This creates anxiety among the community members, especially surrounding the potential XRP ETF launch. Jeremy Hogan has corroborated the widely-held belief that an ETF launch could occur only after the Ripple lawsuit is resolved.
However, clarifying his statement, Jeremy Hogan stated, “Not because it has to happen in that order, but because the ETFs will just take longer to dot the i’s and cross the t’s.” His words highlight the possible delay in the SEC’s approval of the Ripple ETF. Expanding on his point, Jeremy Hogan estimated that the ETF approval process could take up to 12 months.
Community Awaits Paul Atkins’ Leadership
Since Donald Trump’s appointment of Paul Atkins as the SEC Chair, the XRP community has been anticipating a regulatory overhaul. While Mark Uyeda is the Acting Chair at present, the community awaits Paul Atkins’ takeover as the SEC Chair.
Ripple’s Chief Legal Officer, Stuart Alderoty, believes that the new SEC Chair could bring a conclusion to the Ripple lawsuit. He posited that the restructured SEC could tackle the issue of enforced regulation. He added, “I remain cautiously optimistic that at some point during 2025, the case will be voluntarily withdrawn.”
Addressing speculation about Paul Atkins’ potential takeover, Fox Business reporter Eleanor Terrett highlighted the lengthy process involved in his appointment. In addition, she unveiled the lengthy procedures involved in the ETF approval.
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