Tuesday, April 23, 2024
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Attorney Jeremy Hogan Doubles Down On Where He Thinks Ripple-SEC Lawsuit Is Heading

Documents that would prove whether Ripple, the San Francisco-based cross-border payments firm, sold XRP as an unregistered security, are expected to be unsealed today.

The United States Securities and Exchange Commission (SEC) had accused Ripple of the unauthorized sales of XRP, a crypto asset deemed a security by the SEC.

Whale Alert

A lot of crypto analysts and pundits believe that the documents could end the lawsuit earlier than expected. And the contents of the documents seem to be in Ripple’s favor.

Read Also: Attorney Jeremy Hogan States Why Ripple Lawsuit Might Be Interesting in Following Months

In a recent live YouTube session anchored by Scott Powell, COO of Wells Fargo, attorney Jeremy Hogan, who has been a stern supporter of Ripple and XRP since the lawsuit was filed in December 2020, discussed how the lawsuit has gone so far and its possible outcome.

Hogan said there is a lot of pieces of evidence to prove the SEC wrong in the court, but only a few of them have been presented before the Judge.

Jeremy Hogan noted:

“There are 100 pieces of evidence out there and we’ve only seen 5 or 10. So far, the litigation has gone very well from Ripple’s perspective, but I’ve only seen five pieces of real hard evidence.”

The Most Probable Solution is a Settlement

As soon as the documents are officially unsealed, several legal experts such as Jeremy Hogan will be able to give a better analysis in relation to the possible outcome of the lawsuit.

Read Also: CryptoLaw Founder John Deaton Questions SEC for Targeting XRP While Ethereum (ETH) Is Given Free Pass

As some investors already prepared for either win or loss, several others, such as Attorney Jeremy Hogan, believe that the lawsuit will end in settlement.


Jeremy Hogan said:

“The most probable resolution is a settlement and that hasn’t changed since the beginning.”

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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