The next big development in Ripple’s ongoing battle with the SEC may not just be about the $125 million fine, but about how that fine could be paid, according to Jeremy Hogan, a well-known legal expert in the XRP community.
Hogan suggested that Ripple might have the option to settle its judgment in XRP.
Meanwhile, in August 2023, a federal judge ruled that Ripple had violated securities laws by selling XRP to institutional investors without proper registration.
This decision resulted in a $125 million fine and a permanent injunction to prevent future violations. Now, the possibility of settling this penalty in XRP rather than U.S. dollars has become a topic of discussion.
Hogan addressed this in a tweet, stating, “Although the Ripple judgment is denoted in U.S. dollars, it IS possible that Ripple could satisfy the judgment against it by transferring the same amount of XRP to a Federal XRP ‘stockpile’ address.” His remarks suggest that, while the ruling was issued in fiat terms, Ripple might have an alternative route for settlement using its digital asset.
🚨BREAKING: Pro #XRP lawyer – Jeremy Hogan says: “It IS possible that @Ripple could satisfy the judgment against it by transferring the same amount of XRP to a Federal XRP "stockpile" address.” pic.twitter.com/RNHjXA2Gay
— JackTheRippler ©️ (@RippleXrpie) March 7, 2025
Community Reaction to Hogan’s Statement
The crypto community quickly responded to Hogan’s perspective, with notable figures weighing in on the idea. Crypto commentator JackTheRippler (@RippleXrpie) amplified the discussion, highlighting the legal expert’s view. His comment was met with further speculation about whether regulatory bodies would accept such a payment method.
One prominent response came from X Finance Bull, who remarked, “Paying in $XRP instead of USD? That’s not a fine, it’s an entry fee to the new financial system.” This statement reflects the belief among XRP supporters that the asset could play a larger role in the future of finance, including in regulatory settlements.
The idea of a “Federal XRP stockpile” also raises questions about how government agencies would handle and store digital assets. If such a method were accepted, it could set a precedent for cryptocurrency firms dealing with regulatory fines.
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Potential Implications for Ripple and XRP
If Ripple were to settle its judgment using XRP, it could have several significant effects. First, it might reinforce the idea of XRP as a legitimate means of payment in regulatory contexts, further integrating it into the financial system.
Second, such a move could influence how other cryptocurrency companies approach legal settlements in the future. Also, using XRP instead of USD could have market implications. A large transaction involving XRP might affect its price, depending on market conditions at the time of the transaction.
Jeremy Hogan’s suggestion that Ripple could settle its legal judgment in XRP instead of U.S. dollars has received various comments within the cryptocurrency community. While this possibility remains speculative, it raises important questions about regulatory acceptance, the role of digital assets in legal settlements, and the potential for XRP to gain broader recognition in the financial system.
The discussion continues as industry observers await further developments regarding Ripple’s legal status and the potential for digital assets to be used in regulatory settlements.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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