Summary
⚈ Legal expert estimates Ripple v. SEC case may not conclude before October 2025.
⚈ XRP trades at $2.24 with whale activity hinting at possible bullish sentiment.
The Ripple v. SEC case could soon see a major development in any hopes for its conclusion.
Chris Larsen, the Co-founder and Executive Chairman of Ripple, is expected to meet Securities and Exchange (SEC) commissioner Paul Atkins today, according to a May 2 X post from pseudonymous crypto analyst Brett Crypto.
The timing of the meeting has led to speculation as to what is on the agenda — particularly in view of the Commission’s recent delay in delivering a decision regarding Franklin Templeton’s long-awaited XRP spot exchange-traded fund (ETF).
If the news broken by the analyst is credible, the meeting could represent a major milestone in the longstanding Ripple v. SEC case. With that being said, it remains quite unlikely that the legal battle will see a definitive conclusion in the near term.
Here’s why the Ripple v. SEC case will most likely last a while longer
While many in the cryptocurrency space hailed the appointment of Paul Atkins as a key catalyst that could lead to a speedy resolution, this is ultimately a legal matter — and in legal matters, minutiae matter.
To put it in a slightly less wordy way, a procedural outline from James Farrell, a crypto lawyer who was previously employed at the Commission, put the earliest possible date for the end of the Ripple v. SEC case at October 2025 — with the worst-case scenario envisioning an end to legal battle in January of 2027.
Farrell’s outline highlighted every single step that has to be taken for the matter to be resolved, as well as the time usually associated with the processes in question. The legal expert also posited that the delay in ending the Ripple v. SEC case is more a matter of the Commission not being ready to draft new legislation just yet.
At present, XRP is trading at $2.24, having rejected a test of support at $2.20 earlier today. While the token has seen a 0.14% decrease in price over the past 24 hours, an increase in XRP whale accumulation could hint at a bullish undercurrent below what appears to be a neutral-to-bearish surface.
With that being said, Larsen’s meeting with the commissioner is still a positive development — but one that is unlikely to have an effect on XRP prices.
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