While the Ripple SEC case is expected to have a positive outcome with Donald Trump and the new SEC administration, former Ripple executive Sean McBride claimed that the XRP case could be resolved very soon.
Sean McBride, who shared his views on the X account, stated that the case could be dismissed or resolved within a week when asked whether the SEC would reach an agreement with Ripple soon.
McBride said there are details to consider in both the settlement and dismissal options, and argued that due to the comprehensive nature of the case and confidentiality, settlement is the most likely solution.
At this point, the former executive pointed out that Ripple and its executives Brad Garlinghouse and Chris Larsen are entitled to compensation, and therefore an agreement would provide a more detailed solution than dismissing the case in terms of compensation and other aspects.
McBride noted that Ripple could file a lawsuit against the SEC for damages if the case is dismissed. He predicted that the SEC would settle with Ripple, and that the settlement would likely be done through private negotiations or back channels, including promises from the new administration.
Marc Fagel, a former SEC attorney, reacted to McBride's statement, stating that he disagreed with McBride's views.
Fagel noted that the counterclaim for damages would not be successful, especially since the district court ruled that Ripple violated the law. He noted that SEC settlements are always made public, so any “back channel” resolution is unlikely. Fagel added that the case is not expected to be resolved within a week.
Within the week the case SHOULD either be dismissed or settled. I know there are nuances involved with each option, which is why I think it will be settled vs. dismissed. IMO, Ripple, Brad, and Chris are all owed compensation. There should also be some confidentiality with…
— Sean McBride (@seanmcbride16) January 23, 2025
$15 Target Has Arrived for XRP!
As speculations continue regarding the possible outcomes of the Ripple-SEC lawsuit, prominent analyst Ali Martinez has predicted that the XRP price could rise to $15.
Stating that the XRP price is moving within a narrowing triangle, the analyst said that after a possible upward break, the XRP price could rise to $15.
However, the analyst noted that his forecast was not based on the outcome of the Ripple SEC lawsuit, but on the CME announcement, which is another positive development.
As is known, CME made a change on its website yesterday, implying that Solana (SOL) and XRP Futures trading will begin. According to the change, February 10 appears as the start date.
*This is not investment advice.
