Ripple vs SEC: Lawyer Predicts Possible 10-Month Delay Amid TRUMP Memecoin Controversy
Highlights:
- Securities lawyer Marc Fagel foresees a potential 10-month delay in the XRP lawsuit.
- A settlement might occur sooner under SEC Chair Paul Atkins during the Trump administration.
- The XRP lawsuit debate resurfaces alongside Donald Trump’s TRUMP memecoin launch.
The crypto community remains focused on the prolonged Ripple vs SEC case, even as Donald Trump’s TRUMP token garners attention. With Trump’s inauguration and SEC Chair Gary Gensler’s resignation, the XRPArmy anticipates a resolution soon.
Legal Expert Predicts Delays
Marc Fagel, a securities attorney, highlighted the uncertainty surrounding the XRP lawsuit in an X post, estimating it could extend by another 10 months. He also suggested that a settlement might come earlier under a Trump administration, should SEC Chair Paul Atkins decide to drop the appeal.
The discussion reignited after Fox Business journalist Eleanor Terrett’s post about Trump’s TRUMP token. While Eric Trump praised the coin as the “hottest digital meme on earth,” Fagel criticized it as a “pyramid scheme,” sparking debates on the XRP case, Elon Musk’s battles with the SEC, and crypto regulations.
Fagel commented:
“Ripple broke the law, as confirmed by a federal court. Musk, a repeat offender, seems to have done the same. Yet billionaires and well-funded companies seem to get a pass.”
Impact of Trump’s Memecoin on XRP Case
The TRUMP token frenzy has prompted XRP lawyers to assess its implications for the Ripple lawsuit. Attorney Bill Morgan urged Congress to establish clearer crypto regulations, while pro-XRP advocate John Deaton emphasized the need for memecoin rules over broader issues like CFTC oversight and tax reform.
Ripple Case’s Wider Influence on Crypto
The outcome of the Ripple vs SEC case is expected to shape the regulatory future of cryptocurrencies. A Ripple victory could set a precedent, clarifying that certain digital assets are not securities. Conversely, an SEC win may lead to stricter regulations, posing challenges for the crypto industry.
As legal battles and memecoin buzz converge, the Ripple vs SEC case remains a pivotal moment for the crypto market.
