Jeremy Hogan Archives - Times Tabloid

Attorney Jeremy Hogan Sends Crucial Message To XRP Holders

Solomon Odunayo — Sun, 16 Mar 2025 17:26:09 +0000

Jeremy Hogan, a prominent attorney and cryptocurrency advocate, recently addressed the fundamental differences between Bitcoin (BTC) and XRP, particularly in how their communities view regulation and institutional involvement.

He pointed out that Bitcoin was founded on a libertarian ideal of self-custody and financial independence but has increasingly come under the influence of institutional investors and government regulation.

“If you are intellectually honest, it’s incompatible with the whole ideal that BTC represents,” Hogan stated, acknowledging the difficult reality many Bitcoin supporters now face.

Bitcoin was originally designed to function outside traditional financial systems, providing a decentralized alternative to government-backed currencies. However, large financial institutions and regulatory bodies have become more involved, changing its trajectory.

This shift has forced many early adopters to question whether Bitcoin can still uphold its original principles.

XRP’s Different Approach

Hogan contrasted Bitcoin’s evolving landscape with XRP, noting that XRP has always been positioned for integration into the mainstream financial system. Unlike Bitcoin, XRP was designed as a bridge asset to facilitate cross-border transactions, working alongside banks and financial institutions rather than replacing them.

Because of this, XRP holders have not faced the same ideological struggles as Bitcoin supporters. Hogan highlighted this point, stating that “no soul-searching has been necessary” for XRP investors, as they have always understood its role within regulated financial frameworks.

XRP’s emphasis on regulatory compliance and institutional adoption has given it a clear direction. It draws recognition from prominent institutions like the World Bank and avoids the conflicts that Bitcoin’s community now experiences.

The Broader Debate in Crypto

Hogan’s comments reflect a broader debate within the cryptocurrency space. Bitcoin’s increasing institutionalization has led to disagreements among its supporters. While some still see it as a tool for financial freedom, others acknowledge that its widespread adoption has inevitably attracted corporate and regulatory influence.

This has created a divide between those who seek to maintain Bitcoin’s decentralized ethos and those who accept its evolution into a mainstream asset.

XRP, in contrast, has followed a different strategy from the start. Working within the system rather than against it is a more practical approach to achieving widespread adoption. Ripple’s rapidly increasing global partnerships are gradually pushing XRP to the forefront of the industry.

While Hogan’s insights highlight a key ideological difference between Bitcoin and XRP, the attorney also called on everyone to be nice to each other, as working together can help advance the entire crypto industry.

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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Ripple v. SEC: Lawyer Explains Why SEC Could Allow Ripple Pay $125M Fine In XRP

Solomon Odunayo — Mon, 10 Mar 2025 08:01:14 +0000

The ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn, with legal expert Jeremy Hogan raising the possibility that Ripple might settle its $125 million penalty in XRP rather than cash.

The suggestion, which draws from historical legal precedent, could offer an alternative method of compliance if the SEC and U.S. Treasury were to accept such a payment structure.

Ripple’s Legal Penalty and SEC Ruling

In August 2023, a federal judge ruled that Ripple had violated securities laws by selling XRP to institutional investors without proper registration.

As a result, the court imposed a $125 million fine and issued a permanent injunction to prevent similar violations in the future. This penalty was a significant outcome of the long-running legal battle, shaping how Ripple operates within the U.S. regulatory framework.

While the company has made clear its intention to comply with legal rulings, the method by which it may settle the penalty is now under discussion.

Attorney Jeremy Hogan recently suggested that the SEC could allow Ripple to pay the fine in XRP instead of U.S. dollars.

Legal Precedent and XRP as Payment

Hogan’s argument is based on an 1869 U.S. Supreme Court case, which allowed a contract to be fulfilled in gold rather than cash. The principle behind that decision was that specific performance—in this case, paying a debt in a particular asset—could be an acceptable alternative under certain circumstances.

Applying this logic to the current situation, Hogan suggests that Ripple and the SEC could agree to settle the fine using XRP, particularly given that the U.S. Treasury manages digital asset holdings and might have a mechanism for accepting such a payment.

However, this approach faces obstacles. The fine imposed on Ripple is a penalty, and penalties are typically paid directly to the U.S. Treasury in cash. The idea will not move forward if the SEC does not agree to an alternative payment method.

U.S. Treasury’s Role in Digital Asset Holdings

The U.S. government’s strategy regarding digital assets has also come under scrutiny in this context. While Bitcoin has been designated as a long-term reserve asset and placed in the Strategic Bitcoin Reserve, other cryptocurrencies, including XRP, do not appear to receive the same treatment.

Instead, XRP and assets like Cardano and Solana may be categorized under the U.S. Digital Asset Stockpile. This classification could allow the Treasury to sell these holdings at its discretion.

If Ripple were to pay its fine in XRP, it remains uncertain whether the Treasury would retain or liquidate them. The decision could have implications for the market, given that a large-scale sale of XRP by the government could influence the asset’s price.

Future Implications for Ripple and XRP

Hogan’s perspective has sparked debate within the cryptocurrency community about the feasibility and potential impact of such a settlement method. Whether the SEC and Treasury would be willing to accept XRP in place of cash remains unclear. However, the discussion highlights ongoing uncertainties in how digital assets are treated under U.S. regulations.

Ripple’s approach to resolving its penalty will be closely watched as the legal proceedings continue. If an agreement allowing payment in XRP were reached, it could set a precedent for other cryptocurrency-related cases in the future. However, the possibility remains purely speculative without official approval from regulatory authorities.

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Attorney Jeremy Hogan’s Perspective On XRP as a U.S. Strategic Reserve Asset

Solomon Odunayo — Mon, 03 Feb 2025 09:14:16 +0000

Attorney Jeremy Hogan recently shared his thoughts on the possibility of XRP being included in a U.S. digital asset strategic reserve.

Hogan’s comments highlight a different perspective from the typical discussions within the cryptocurrency community, focusing on how the federal government might assess digital assets in a broader economic and geopolitical context.

Government vs. Crypto Community Perspectives

Hogan pointed out that most discussions about XRP in the cryptocurrency space focus on technical and governance-related factors, such as decentralization and validator selection.

He argues that these aspects, while important within the crypto industry, may not be the primary concerns of the U.S. government when deciding to hold an asset in reserve.

A strategic reserve is typically composed of assets the government believes are necessary to maintain stability and national security. Historically, reserves have included commodities like gold and oil, which serve as economic safeguards in times of crisis.

Hogan suggests that if the U.S. government were to hold XRP, the decision would likely be based on its perceived strategic value rather than its technical attributes as a blockchain-based asset.

Potential Geopolitical and Economic Considerations

Hogan raises the possibility that the U.S. government has greater insight into geopolitical and economic trends than the average market participant. While cryptocurrency investors analyze digital assets based on public data, government agencies have access to classified intelligence and long-term economic models that could inform their decisions.

If the government were to accumulate XRP, it could be as a hedge against certain financial contingencies. This might include the potential decline of the U.S. dollar’s dominance in international trade, the increasing digitization of global finance, or the emergence of alternative financial systems outside of U.S. control.

Hogan does not claim whether the government is considering such a move. He only suggested that its decision-making process would likely be based on factors beyond those commonly debated within the crypto space.

Government Control and Historical Precedents

A common argument against XRP’s inclusion in a strategic reserve is the perception that Ripple, the company associated with its development, has significant influence over its ecosystem. Hogan addresses this concern by pointing out that if the U.S. government saw Ripple’s role as a risk, it could take action to neutralize it.

He references historical precedents in which the federal government exerted control over private assets during a crisis. During World War II, the government took control of private companies to support the war effort.

In 1933, the U.S. confiscated privately held gold to stabilize the financial system. Hogan suggests that if XRP were deemed strategically important, the government could take similar actions, such as seizing Ripple’s escrowed holdings or exerting control over the company itself.

While there is no official indication that the U.S. government is considering XRP for a strategic reserve, Hogan’s analysis presents a thought-provoking argument about how digital assets might be evaluated at the highest levels of policy and strategy.

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Jeremy Hogan Explains What’s Next As SEC Files Opening Brief In XRP Case Appeal

Solomon Odunayo — Thu, 16 Jan 2025 05:35:37 +0000

The U.S. Securities and Exchange Commission (SEC) has recently submitted its opening brief in the appeal against Ripple. The brief was shared with the XRP community on X by James K. Filan, a well-respected attorney in the crypto space, and it has garnered significant attention.

Jeremy Hogan, another prominent attorney and XRP supporter, provided an insightful analysis of the filing. According to Hogan, the appeal focuses solely on the district court’s decision that XRP sales to retail investors did not constitute securities transactions.

Hogan also stated that the SEC did not argue about harm to investors, noting that proving investors were harmed will be difficult now that XRP has surpassed $3.

The SEC’s Opening Brief

According to Hogan, the SEC’s primary argument is that it does not need to prove that XRP purchasers were aware of Ripple’s statements about efforts to increase XRP’s value. Instead, the SEC relies on precedent to argue that it is sufficient to show the existence of such promotional statements.

Hogan criticized this approach, stating, “The problem the SEC has is that, from my reading of the first two cases, they say no such thing.” He also noted that distinguishing between the concepts of “reliance” and “knowledge” is pivotal, with the trial court emphasizing the latter in its ruling.

The SEC’s reliance on prior cases, particularly Aqua-Sonic, appears tenuous. Hogan observed that the SEC had to combine sentences from multiple sections of the Aqua-Sonic decision to construct its argument.

He also expects Ripple to counter this by highlighting key differences between both cases, such as the lack of evidence that XRP retail investors were aware of Ripple’s promises.

Another significant point of contention is the SEC’s failure to challenge the substantial evidence submitted by attorney John Deaton on behalf of XRP holders. Deaton had gathered thousands of affidavits from XRP investors refuting claims of reliance on Ripple’s statements.

Hogan expressed surprise that the SEC did not attempt to counter this evidence during the initial proceedings, noting that this oversight could prove detrimental to its appeal.

Implications of the SEC’s Appeal

Hogan highlighted the broader impact of the SEC’s appeal, noting that if the appellate court upholds the district court’s decision, the SEC could face a new precedent requiring proof of investor awareness of promotional statements.

This could complicate enforcement, leading to longer, more expensive litigation. Ripple might also revive its argument that investment contracts require contractual obligations, further weakening the SEC’s position.

Hogan concluded by questioning the SEC’s rationale for pursuing the appeal, highlighting the risks of adverse legal precedents. Ripple, meanwhile, could use the appeal to strengthen its position and challenge the SEC’s approach.

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Pro-XRP Lawyer Jeremy Hogan Terms This A Big News

Tobi Loba — Sat, 11 Jan 2025 07:12:23 +0000

In a significant development within the cryptocurrency legal landscape, Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York has granted Coinbase’s motion for an interlocutory appeal in its ongoing case with the U.S. Securities and Exchange Commission (SEC).

The decision, issued on January 7, 2025, was shared on X by Coinbase Chief Legal Officer Paul Grewal. It also stays district court proceedings while the appellate court considers the matter.

The SEC initiated its lawsuit against Coinbase, alleging that certain digital assets listed on the platform qualify as securities under federal law. Coinbase, however, has consistently challenged the SEC’s position, asserting that the assets in question do not meet the criteria of an “investment contract” as defined by the Howey test.

The Interlocutory Appeal

An interlocutory appeal allows a party to seek an appellate review of specific legal questions before the case proceeds to trial. In this instance, Coinbase’s appeal focuses on the critical question of whether an “investment contract” under U.S. securities law requires the existence of a contractual agreement between parties.

This issue lies at the heart of Coinbase’s case and broader disputes involving the regulatory classification of digital assets.

The court’s decision to grant the appeal is noteworthy, as interlocutory appeals are rarely approved. According to well-respected attorney Jeremy Hogan, “The granting of an interlocutory appeal is rare and indicates that the trial level judge thinks there is ‘something there.’”

Implications for the Crypto Market

The court has halted further discovery and proceedings until the appellate court resolves the appeal by staying the district court litigation. This pause allows the appellate court to provide clarity on the definition of an investment contract. This could significantly influence this case and the SEC’s broader regulatory efforts in the cryptocurrency space.

However, Coinbase’s decision has long been criticized by other attorneys. The SEC has appealed part of the July 2023 ruling that determined that XRP itself is not a security and programmatic token sales are not investment contracts.

In early 2024, Bill Morgan noted that Coinbase losing the appeal would strengthen the SEC case against Ripple. Now that Coinbase’s interlocutory appeal has been granted, the crypto world awaits a favorable outcome.

However, things could take an entirely different turn, as the SEC will soon be under a new crypto-friendly administration. Experts including Hogan believe the new administration will dismiss the Ripple lawsuit and similar non-fraud lawsuits and provide proper regulation for the crypto market to foster growth and innovation.

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Jeremy Hogan Discusses January 15 SEC Filing Deadline in Ripple v. SEC Appeal

Solomon Odunayo — Thu, 09 Jan 2025 12:22:51 +0000

Jeremy Hogan, a well-known attorney in the crypto space, recently shared his perspective on the January 15, 2025, filing deadline for the Ripple vs SEC case appeal. Hogan emphasized that the filing is a routine procedural step and cautioned against giving it undue significance.

“This is still Gensler’s SEC,” Hogan remarked, referencing SEC Chair Gary Gensler’s leadership. He noted that the filing will likely occur on time, but will not determine whether the case ends in a settlement or dismissal under a potential new administration. Hogan described the brief as a technical requirement that does not materially affect the case’s trajectory.

While the SEC’s legal team works on the brief, Hogan suggested their efforts might be inconsequential. He described the situation as emblematic of the current SEC’s contentious regulatory approach, stating, “A tale told by an idiot, full of sound and fury, signifying nothing.”

Settlement Likely, but Timing Is Uncertain

Hogan addressed the likelihood of a settlement in the Ripple case. Hogan expressed optimism when asked about the probability of Paul Atkins, the coming SEC Chair under Donald Trump’s administration, dropping the appeal and settling.

“I definitely think that’s the most likely scenario,” Hogan stated, citing the case’s non-fraudulent nature and the absence of harmed investors. He noted that Ripple’s position remains strong, which could favor a resolution through settlement.

However, Hogan acknowledged that the exact timing of such an outcome is difficult to predict, estimating that it could occur as early as April or May 2025.

Hogan’s comments highlight a growing sentiment that a new regulatory approach, potentially under a different SEC administration, could ease the path to resolving the case favorably for Ripple.

Broader Impact on Cryptocurrency Regulation

The Ripple v. SEC case is widely regarded as pivotal for cryptocurrency regulation in the United States. Ripple has maintained that XRP is not a security, arguing that it does not meet the criteria of an investment contract under U.S. securities law. A favorable resolution for Ripple could have significant implications for other digital assets facing regulatory scrutiny.

Hogan’s critique of the SEC’s enforcement strategy underlines broader frustrations within the crypto industry. He suggests that the case reflects the limitations of the SEC’s current approach, which many see as overly aggressive and lacking clear guidelines for digital assets.

As the January 15 deadline approaches, Hogan’s insights provide valuable context for observers. While the filing itself may hold little long-term significance, the case’s resolution—whether through settlement or administrative dismissal—could shape the future of cryptocurrency regulation in the United States.

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Pro-XRP Lawyer States Two Key Reasons Why Bitcoin Will Sustain Rally

Solomon Odunayo — Thu, 14 Nov 2024 11:42:45 +0000

Attorney Jeremy Hogan, a prominent figure in the XRP community, recently outlined two key developments that may lead to sustained growth in Bitcoin’s price.

Following the recent U.S. election, the cryptocurrency sector has seen renewed investor enthusiasm, with the digital asset surging to an impressive $89,956 a week after the election.

Hogan, a partner at Hogan & Hogan law firm and a known advocate for XRP, highlighted two major factors he believes could significantly improve the asset’s performance.

Government Adoption as a Catalyst

One of the factors Hogan highlighted is the prospect of heightened government involvement in cryptocurrency.

The recent election, which saw the Republican Party and several pro-crypto lawmakers win both the Senate and the House, set the stage for favorable crypto policies under a supportive administration.

With over 200 pro-crypto legislators now in office, Hogan suggests that Bitcoin-related legislation may gain significant momentum.

A notable piece of proposed legislation gaining attention is the Bitcoin Purchase Program, which, if passed, would authorize the U.S. government to buy up to 200,000 BTC annually for the next five years, totaling one million BTC. This acquisition would represent roughly 5.05% of the asset’s current circulating supply of 19.78 million.

Additionally, the bill includes provisions for the acquired Bitcoin to be held by the U.S. Secretary of State for at least 20 years, which aims to ensure long-term stability for both the government and the broader crypto market.

Hogan noted that if this legislation is approved, it could set a precedent, prompting other nations to explore similar accumulation strategies. Such a move could intensify demand for the token globally, leading to potential price increases and solidifying its position as a government-backed asset.

Institutional Adoption and Corporate Interest

According to Hogan, Institutional involvement is another key factor that could drive the asset’s upward trajectory.

Hogan pointed out that MicroStrategy, a leading business intelligence firm, increased its Bitcoin holdings immediately after the election, possibly in response to insider knowledge regarding the U.S. government’s proposed acquisition plans.

On November 11, MicroStrategy announced a significant purchase of 27,200 BTC, amounting to a $2.03 billion investment at an average price of $74,463 per BTC.

With this purchase, MicroStrategy now holds a total of 279,400 BTC, valued at approximately $25.16 billion at the current price of $90,106. This strategic investment has yielded MicroStrategy a 111.4% return on investment, highlighting the potential profitability of the token as a corporate asset.

Hogan suggested that MicroStrategy’s substantial profit from the token could create pressure on other companies with large cash reserves, such as Microsoft, to consider similar investments.

As more corporations recognize the value of holding Bitcoin as part of their treasury strategies, the demand could rise significantly, contributing to a sustained rally.

Hogan’s insights show the potential impact of both governmental and institutional adoption of Bitcoin and the critical roles they will play in driving the asset’s growth over the coming months and years.

With new legislation favoring cryptocurrency and corporate interest intensifying, Hogan envisions a sustained upward trend for the digital asset, marked by increased adoption and greater demand.

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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If SEC Appeals XRP Lawsuit, Legal Expert States Timeline for Final Judgement

Tobi Loba — Sat, 07 Sep 2024 06:08:01 +0000

Jeremy Hogan, a top attorney supporting XRP, has offered valuable insight into the potential next steps for the SEC. Hogan shared his comments on X, responding to James K. Filan, another well-known attorney who shared an update on the now-concluded XRP lawsuit.

According to Filan’s post, Ripple requested a stay of the monetary portion of the court’s ruling from August 7, which the SEC consented to.

Hogan is speculating on the SEC’s plans to file an appeal, providing some clarity on the possible timeline and the procedural steps involved.

Why Has the SEC Not Appealed the Ruling?

The question of why the SEC has not yet filed a Notice of Appeal has stirred much speculation within the community. Filing such a notice is a straightforward task, one that, as Hogan notes, takes only 15 minutes and allows 70 days to submit the actual brief.

This relatively simple process has led to confusion as to why the SEC has not made a move yet, especially if it considers the ruling to have set “bad case authority.”

Hogan stated that if the SEC had already decided to appeal, there would be little reason to delay this procedural step. Hogan suggests that the SEC has not decided on its next steps and whether it will appeal.

Potential Timeline for a Ruling if the SEC Appeals

When asked by a community member about the potential timeline for an appeal, Hogan responded that a ruling on an appeal would likely not be issued until “next year – probably in the late summer.” Hogan suggests the case could be drawn out for many more months, even if the appeal is filed soon.

Legal processes, especially those involving regulatory bodies like the SEC, often take longer due to the complexity of the issues involved, and appellate courts may take several months to reach a decision.

Given the impact of the initial ruling, any appeal is likely to draw significant attention from the broader cryptocurrency community, as it could set a precedent for how tokens are regulated in the U.S.

For now, the delay in filing a Notice of Appeal may indicate that the SEC has not yet reached a decision. It is also possible that the agency is weighing the implications of appealing the case and considering its strategy, especially as its budget was slashed recently.

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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Ripple vs SEC Case As of June 19, 2024: Major Clarification

Solomon Odunayo — Wed, 19 Jun 2024 18:12:58 +0000

A misconception emerged regarding the recent brief filed by the SEC in the ongoing lawsuit against Ripple Labs. Attorney Jeremy Hogan, a vocal supporter of XRP, has stepped forward to clarify the situation.

SEC’s Response to Ripple’s Penalty Argument

The core of the confusion lies in Ripple’s attempt to leverage the settlement reached between the SEC and TerraForm Labs (TFL) in its defense. Ripple argued that the SEC’s approach to penalties should be consistent. In the TFL case, the penalty amounted to roughly 1.27% of the company’s gross sales. Applying this logic to their case, Ripple proposed a $10 million penalty.

The SEC, however, disagreed with this interpretation. The regulator argued that a more comprehensive comparison should be made. They proposed that the relevant figures in the TFL case are the combined civil penalty and disgorgement order, totaling $3.58 billion. Using this combined figure, the SEC arrives at a ratio of 11.7% between the penalty and the total amount.

The SEC then applied this 11.7% ratio to the $876.3 million in disgorgement they seek from Ripple. This calculation results in a potential civil penalty of $102.6 million for Ripple, significantly higher than the $10 million proposed by the defendant.

Attorney Hogan Corrects Misconceptions

Following the SEC’s filing, some within the XRP community misinterpreted the regulator’s approach. Misinformation began to circulate, suggesting that the SEC had reduced its overall demand from $2 billion to $102.6 million.

Attorney Hogan addressed this misconception directly. He emphasized that the SEC is not conceding on its overall claim of $2 billion. The $102.6 million figure is solely a response to Ripple’s argument based on the TFL settlement, utilizing a similar logic for comparison.

Hogan also reiterated his previous predictions regarding the lawsuit’s potential outcome. He anticipates the court might impose a $100 million fine on Ripple and a permanent injunction on XRP sales to institutions.

Similar Sentiment from Legal Experts

Australian lawyer Bill Morgan echoed Attorney Hogan’s analysis. He pointed out that the SEC’s brief has been misinterpreted by some XRP influencers presenting an inaccurate narrative about the agency’s demands.

The XRP community is now focused on the upcoming court decision, which could end this multi-year legal battle at the district court level. It remains to be seen whether either party will take the case to the Second Circuit Court of Appeals.

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Jeremy Hogan Advises On Holding XRP For More A Year: Tax Benefits

Tobi Loba — Wed, 03 Jan 2024 12:58:14 +0000

Renowned pro-XRP attorney Jeremy Hogan recently addressed Cryptocurrency holders, providing crucial insights aimed at helping them maximize their crypto tax obligations.

In a post on X, Hogan strongly emphasized the significance of strategic tax planning for investors looking to capitalize on the anticipated 2024 crypto bull market. Indications such as the sudden bank shift pointed out by Forbes might trigger an XRP Price Bull Run in 2024.

Strategic Tax Planning for Crypto Enthusiasts

“In 2024, as you plan how to take profit and become CryptoRich, don’t forget to strategize for taxes,” Hogan emphasized, positioning tax planning as a pivotal aspect of the broader investment strategy.

Hogan’s guidance is particularly tailored to the U.S. crypto community, urging investors to carefully consider the tax implications of their investment decisions, with a specific focus on the duration of their token holdings.

The Advantage of Long-Term Holding

One key piece of advice Hogan offered is the potential tax benefits of holding a token for over a year. He pointed out that tokens held for a long duration (more than a year) generate long-term capital gains and are subject to a lower tax rate of 15%, in contrast to the higher 30% rate applied to short-term gains on tokens held for less than a year.

Caution Against Short-Term Trading Strategies

Hogan raised awareness about a common practice among some investors who sell XRP to explore other tokens, only to reinvest in XRP after generating profits.

While acknowledging the potential profitability of such a strategy, Hogan also highlighted a significant downside, he said “I have seen some people say they’re selling XRP, buying another token, and will buy XRP again after making some money in the other token. Fair enough, but now you have given up your long-term tax status on XRP and given yourself two short-term tax rates. Just be aware…”

He noted that traders adopting this approach risk forfeiting their long-term tax status on XRP, exposing themselves to the higher short-term tax rates. This caution comes at a time when XRP has faced challenges in terms of price performance compared to some of its counterparts like Solana which has seen substantial gains.

Hogan concluded by appealing to investors to put their long-term tax benefits ahead of giving in to disappointing short-term results. The Attorney’s message serves as a reminder for XRP investors to remain vigilant about the unintended tax consequences of their trading decisions.

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