Despite the spotlight on Donald Trump’s TRUMP memecoin launch, the cryptocurrency community’s focus remains on the ongoing Ripple vs. SEC lawsuit. As Trump’s inauguration stirs political conversations and SEC Chair Gary Gensler steps down, the XRPArmy eagerly anticipates an imminent resolution. The legal battle between Ripple and the SEC, however, continues to face delays, with experts predicting potential setbacks.
Securities Lawyer Predicts Extended Delay in Ripple vs SEC Case
Legal experts, including securities attorney Marc Fagel, have cast doubt on the immediate resolution of the case. Fagel recently stated on X that the Ripple lawsuit could be delayed by up to 10 months, adding uncertainty to the already protracted legal drama. His concerns were sparked by the unpredictable nature of the case and the possibility of a settlement under a new SEC Chair, such as Paul Atkins, should the Trump administration influence the outcome.
Fagel’s comments gained traction after a post by Fox Business journalist Eleanor Terrett, which discussed the TRUMP token. While Eric Trump called the memecoin “the hottest digital meme on earth,” Fagel referred to it as a “pyramid scheme.” This debate soon spiraled into a larger conversation about key issues in crypto, such as Elon Musk’s ongoing battle with the SEC and the potential future of crypto regulations.
The court case? If pursued, it could go another 10 months or so. But it’s also possible the new SEC leadership opts to drop the appeal and resolve the case.
— Marc Fagel (@Marc_Fagel) January 20, 2025
How Trump’s Memecoin Impacts the XRP Lawsuit
As the TRUMP memecoin gains attention, XRP attorneys are considering its implications on the Ripple lawsuit. Bill Morgan, a prominent lawyer, voiced concerns over the potential impact of memecoins on crypto regulations, urging Congress to enact clearer guidelines. Meanwhile, John Deaton, a pro-XRP advocate, shifted focus toward regulating memecoins rather than addressing other crypto-related concerns like tax reform and oversight by the CFTC.
Also Read: Ripple vs. SEC: Legal Battle May Extend 10 More Months as XRP Hits 5-Year High
Broader Implications for the Crypto Market
The resolution of the Ripple lawsuit could send shockwaves through the crypto market. A victory for Ripple could set a legal precedent, positioning digital assets like XRP as non-securities and reshaping the regulatory landscape. Conversely, a loss could introduce stricter regulations, challenging the future of many cryptocurrencies. The outcome of this case remains pivotal, not just for XRP, but for the broader cryptocurrency ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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