XRP Lawsuit: Hogan Predicts Summer Verdict, $100M Fine for Ripple

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Diving deep into the complex world of cryptocurrency legal battles, the ongoing saga between XRP and the SEC takes center stage. In the latest Crypto Law episode, Jeremy Hogan provides a comprehensive analysis, shedding light on the twists and turns of this high-stakes courtroom drama.

Jeremy Hogan on Ripple's Reply Brief https://t.co/XKFsVuItep

Here’s what he had to say.

Jeremy Hogan kicks off the discussion by highlighting the element of luck in legal proceedings. Ripple finds itself in a fortunate position, having landed Judge Torres for its case—a factor that could significantly sway the outcome in its favor.

The crux of the matter lies in the SEC’s proposed judgment—a formidable array of injunctions and hefty monetary penalties against Ripple. Hogan dissects these demands, highlighting the significant hurdle posed by the Govil case and questioning the SEC’s claims of investor harm.

Looking into the future, Hogan offers his predictions. He envisions a scenario where Judge Torres might approve an injunction against Ripple’s future institutional XRP sales but could make exceptions for transactions related to On-Demand Liquidity (ODL). Hogan argues that the SEC’s call for disgorgement may face pushback, potentially resulting in no disgorgement orders. Instead, a compromise could see Ripple hit with a civil penalty of around $100 million.

Attention turns to the upcoming summer, marked by the promise of a final judgment. However, this conclusion is just the beginning of a new chapter.

Do you agree with Hogan’s predictions?