The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has captivated the crypto community, as the outcome could have far-reaching implications for the industry. As the case enters its final stages, prominent lawyers, including former SEC officials, have shared their insights on the potential settlement, the likelihood of an appeal, and the expected timeline for the final ruling.

Potential Settlement

Despite the recent victories for Ripple, lawyers believe a settlement between the SEC and Ripple is still possible. Former SEC lawyers Marc Fagel and James Farrell suggest that a settlement could still be reached, although partner Jeremy Hogan at Hogan & Hogan believes it is unlikely, as Ripple now has the upper hand in the lawsuit.

Appeal Prospects

The lawyers believe the SEC is unlikely to appeal Judge Torres' summary judgment that XRP is not a security under the Howey Test. Former SEC Crypto Enforcement Chief Kristina Littman suggests the SEC may not risk elevating the decision to the Circuit Court level, as the Coinbase lawsuit has already established that secondary sales of crypto do not qualify as securities.

Final Ruling Timeline

Lawyers expect the final ruling on remedies and injunction to come substantially quicker than the summary judgment, likely within 60 to 90 days after the last brief. With the latest developments, including delays due to the election year, the XRP community is anticipating the final ruling from Judge Torres in August or September.

The lawyers also note that the SEC and Ripple can still settle any arguments not addressed by the judges in the final ruling. As the crypto community eagerly awaits the outcome of this landmark case, the insights from these legal experts provide valuable context on the potential paths forward.