Attorney Jeremy Hogan Says SEC And Ripple Lawsuit Could Be Settled This Month
According to XRP proponent and US legal counsel Jeremy Hogan, who carefully monitors the Securities and Exchange Commission’s (SEC) crypto case against Ripple, the window for a potential settlement has opened. The SEC’s charges that Ripple offered XRP as unregistered security might be settled as soon as this month.
Hogan believes now is the optimal and reasonable time for the parties to negotiate an agreement because both sides have settled their case.
Hogan contends that Ripple executives could not have known XRP was security in 2012 if the SEC did not know – or did not make it plain – until launching its activities in December 2020.
At present, Hogan believes the SEC should provide clarity to the crypto business by clearly articulating its position on which of the main digital assets on the market qualify as securities.
As CoinCu reported, the SEC recently designated nine cryptocurrencies as securities in a separate complaint against a former Coinbase employee accused of insider trading. None of the digital assets mentioned in the complaint are among the top 20 coins in market capitalization.
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