3 months ago 1 min read

Lawyer Jeremy Hogan, Ripple Can No Longer Be Sued Again

ripple-sec-xrp-david gokhshtein-cftc

In a previous statement, the SEC stated that it had filed a lawsuit against Ripple Labs Inc. and two of its executives, both of whom are also significant stockholders, alleging that they raised more than $1.3 billion through an ongoing, unregistered issuance of securities backed by digital assets.

Jeremy Hogan, a partner at the American law firm Hogan & Hogan, said on December 30 that he owns XRP notwithstanding the aforementioned fact because Ripple cannot be sued again.

When asked what prevents the CFTC from charging Ripple next, Hogan responded that the CFTC would essentially have to establish some type of fraud and, even the SEC couldn't come up with fraud allegations.

Hogan went on to explain that, among the top 20 cryptocurrencies, only Bitcoin is, in his judgment, immune to SEC regulation (perhaps as a result of prior remarks made by Gary Gensler, the current chair of the SEC, and Jay Clayton before him).

Entrepreneur David Gokhshtein has announced his plans to raise his holdings of $XRP, the native token of the XRP Ledger, on December 27, 2022. Gokhshtein founded and currently serves as chairman of the media company Gokhshtein Media, which focuses on cryptocurrencies. (XRPL).

XRP daily chart, source: Coin Aquirium
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