Ripple CEO Brad Garlinghouse said he is very eager to work with the new leadership of the SEC, which has sparked industry speculation that the lawsuit between the SEC and Ripple may be dismissed or settled.
Legal analyst Jeremy Hogan said the case could be resolved by April or May, although procedural requirements may extend the time. Under the current administration, the SEC is expected to make a final effort before the leadership change. With the deadline for submitting opening statements being January 15, the agency may try to influence the direction of the case. However, industry insiders expect that the incoming pro-cryptocurrency leadership is expected to create a more favorable environment for Ripple, and a positive outcome could pave the way for the approval of the XRP ETF. (Cryptodnes)