Donald Trump’s Presidency: A New Dawn for Ripple and the Crypto Community

With Donald Trump’s recent victory in the 2024 U.S. presidential election, there is a renewed sense of optimism among cryptocurrency enthusiasts. This optimism primarily stems from the potential positive impact his presidency could have on Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Legal experts, such as Attorney Jeremy Hogan, have shared insights into what the future might hold for Ripple’s legal disputes, as well as other cases involving major players like Coinbase. Hogan suggests that with new leadership, the SEC might finally resolve some of these prolonged cases.

Ripple vs. SEC Case: What To Expect

According to Jeremy Hogan, the lawsuit between Ripple and the SEC could see a resolution following Donald Trump’s assumption of office. Hogan speculates that if SEC Chair Gary Gensler steps down before January 20, the incoming administration may prioritize closing non-fraudulent crypto cases. A change in leadership could lead to a comprehensive review of each crypto case, resulting in decisions to either settle or dismiss them. With potentially three Republican-appointed commissioners in place, Hogan foresees a favorable outcome for cases involving Ripple and Coinbase, as these recommendations might gain approval.

For Ripple, Hogan suggests a possible settlement around the $125 million judgment previously determined by the court. Meanwhile, other companies like Coinbase could witness their cases being dismissed entirely, given the absence of fraud allegations.

Expected Timeline for Resolutions

While significant changes are anticipated, Hogan warns that they won’t happen overnight. Although January may be too soon for any substantial progress, he predicts that by summer 2024, we could witness significant strides towards resolving these high-profile cases. Hogan’s analysis instills hope for a fresh approach at the SEC, potentially concluding these long-standing legal battles in the crypto sector. This development could bring much-needed clarity to the regulatory framework for digital assets.

XRP’s Potential Surge: Aiming for $0.94

The optimism surrounding Trump’s election win has also positively influenced XRP, Ripple’s native digital asset. The value of XRP has seen a noticeable increase, currently trading above $0.55. Market experts forecast that XRP could soar towards $0.94, aligning with its July 2023 peak when Ripple experienced a partial legal victory. Should a settlement be on the horizon, XRP’s price might climb even higher.

Trump’s presidency has sparked excitement for the possibility of crypto-friendly policies, which could include the long-awaited approval of an XRP Exchange-Traded Fund (ETF). The SEC has previously resisted such approvals, but the new administration may adopt a more receptive stance towards innovative financial products.

In conclusion, Donald Trump’s election victory brings a wave of hope for the cryptocurrency community, particularly regarding the resolution of Ripple’s legal challenges. With potential changes in SEC leadership and a shift towards more favorable regulatory policies, the future looks promising for Ripple, XRP, and the broader digital asset landscape.