A Prediction That Will Hurt Ripple (XRP) Fans From Blockchain Company Executive!

Blockchain company Chia Networkbusiness manager of Gene Hoffmanin the U.S. Securities and Exchange Commission’s legal battle, which will soon enter its third year. Ripple‘I (XRP) He predicted he would win.

Ripple (XRP) Will Lose Against SEC According To Cryptocurrency Manager

“The only result is that a federal judge has ruled that Ripple’s XRP sales have made XRP a security,” he tweeted.

Hoffman, who has decades of experience working with the SEC, added that there is little difference between XRP and LBRY Credits (LBC) tokens, noting that the SEC has not lost a “Chapter 5” case in decades.

In other words, Hoffman reiterated that Ripple would lose by expressing that the SEC would gain from this case again.

While Hoffman admits that SEC official Hinman’s handling of the famous Ethereum talk in 2018 was “a mess”, he believes it has nothing to do with the case.

Because Hinman made a statement at that time that Ethereum was not a security. Ripple, on the other hand, is trying to prove that Ripple is not a security by showing this statement as a precedent. This situation is seen as the biggest trump card in the hands of Ripple.

The SEC’s lawsuit against XRP was filed nearly two years ago. Popular blockchain company Ripple is accused of offering XRP tokens as unregistered securities.

*Not investment advice.

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