Crypto Legal Expert Says XRP Settlement Between SEC and Ripple May Be Imminent
A legal expert closely following the US Securities and Exchange’s (SEC) crypto case against Ripple says the window for a potential settlement has arrived.
Attorney Jeremy Hogan, an XRP supporter and US legal advisor, says the SEC’s allegations that Ripple sold XRP as an unregistered security could be resolved as early as this month.
According to Hogan, now is the ideal and logical time for the parties come to agreement since both sides have presented their case.
“[The] most likely settlement time frame is from now to the end of November, because the cards will be on the table.”
Hogan more points The argument that it wouldn’t be possible for Ripple executives to know XRP was a certainty back in 2012 if the SEC itself didn’t know—or at least didn’t make it clear—before the lawsuit started in December 2020.
Today, Hogan says The SEC should provide clarity to the crypto industry by stating its position on which of the top digital assets on the market count as securities.
“The SEC should be able to go down a list of the top 20 cryptocurrencies and tell us which ones are (and are not) securities. Why not? Why does it CHOOSE ambiguity? Isn’t it supposed to protect us from these projects that don’t follow the law?”
In a separate complaint against a former Coinbase employee accused of insider trading, the SEC recently mentioned nine cryptocurrencies that it believes are securities.
None of the digital assets mentioned in the complaint are among the top 20 coins by market capitalization.
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Featured image: Shutterstock/metamorworks/Tun_Thanakorn
