Ripple vs Sec case may be more exciting in the next 2 months: Jeremy Hogan
A legal expert shared his stance and claimed that the next couple of months will be very exciting in the ongoing lawsuit of the SEC against Ripple.
Jeremy Hogan is a legal expert. In the crypto space, he is popular on Twitter and also on YouTube with a decent amount of followers. Usually, he remains active in legal matters in the crypto space. He also actively studied the matter of Ripple vs SEC.
On 3 February, Jeremy Hogan tweeted that San Francisco based Ripple company legal fight against the US securities and exchange commission (SEC) will be interesting to see in the next two months because many rulings are currently in the situation of getting mixed up and can disturb everything to a new turn.
Jeremy quoted that recent tweet of CryptoLaw founder and noted that this is going to be one of the major takeaways from the recent order issued by Judge Torres in the ongoing case of Ripple vs SEC.
John Deaton, the crypto law founder, explained through the Twitter thread, how the recent rulings may work in the support of the XRP community.
James K.Filan, the defence lawyer, had already informed the community that the Court Judge ordered to unseal three documents, which were related to Chris Larsen and Brad Garlinghouse, which include legal memos and emails.
Recent rulings were not fully against or in favour of the Ripple firm because partly few of them were granted and a few of them denied motions by Ripple defendants to seal some exhibits of previous motions.
#XRPCommunity #SECGov v #Ripple #XRP In today’s Ruling, Judge Torres ordered 3 documents unsealed now: 172-1, the Notice of Brad Garlinghouse’s Deposition in the SEC formal investigation, 179-4, a Chris Larsen Email String, and 179-5, a Brad Garlinghouse Email. These are below.
— James K. Filan(@FilanLaw) February 4, 2022
In short, we can say that the whole situation is not in favour of Ripple but after the next move, the court judge will give full freedom to respond against the motion of SEC.
Ripple Vs SEC case
According to the US SEC agency, Ripple’s XRP token is not a crypto asset and is a security. And also in the past 5-6 years, Ripple sold XRP tokens publicly, which was not legal.
Day by day, this case is taking a new turn and the case is extending continuously.
The US SEC agency filed the case against Ripple in December 2020 and now it is more than a Year. However, Ripple attorneys believe that case may end in the first half of 2022 but the current situation is hinting something different.
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