A lawyer says the Ripple-SEC case could end in 2025, but there is a twist

Speculation is growing that Gary Gensler, the current head of the US Securities and Exchange Commission (SEC), may soon resign. Many analysts believe this is the most likely outcome, as Gensler is facing increasing pressure, especially from political circles.

If President Trump appoints a new, crypto-friendly SEC chairman, the change in leadership could bring big changes. Commissioners like Hester Peirce and Mark Uyeda, who have expressed more positive views about crypto, could play a key role in shaping the future of the industry.

Legal Wars: Will they end or be dismissed?

Legal experts, including attorney James Murphy, believe that many ongoing crypto-related cases will be resolved or dismissed by 2025. Ripple's appeal, aimed at determining whether crypto secondary market businesses are considered securities, may not survive the change in leadership. SEC Hester Pierce, if promoted to chair, will advocate to end these cases. If a majority of the Commission agrees that these cases are based on faulty legal reasoning, it will result in swifter decisions by dismissing them.

What will happen to major Crypto issues?

There are several possibilities for how cases in progress can occur:

Dismissal or Settlement: With new SEC leadership, the agency can move quickly to resolve or dismiss cases it deems unworthy of further scrutiny. This could include actions against platforms like Coinbase, where the SEC is challenging the classification of crypto tokens as investment contracts.

Continued Enforcement: If Congress does not act quickly, the SEC may continue its enforcement actions until new crypto regulations are issued. If lawmakers introduce new laws on crypto classification and regulation, there's a chance that cases like Ripple could be delayed until mid-2025.

Duration of Proceedings: Another option is for the courts to delay further action until Congress enacts clear regulations for cryptocurrencies. This will keep current issues on hold until the legal framework becomes clearer.

The Trump Factor: Strong Position on Crypto Regulation

Attorney Jeremy Hogan agrees, saying that if Trump is elected president, he's more likely to go undercover with the SEC. Instead, Trump predicts that he will bring in a new SEC chairman, who will quickly eliminate the current crypto-related issues.