Famous Lawyer Said It’s Time to Settlement in Ripple-SEC Case: The Date Made!

of the US Securities and Exchange (SEC) to Ripple opened against cryptocurrency A legal expert who has followed his case closely says the time has come for a potential settlement on the case.

Attorney Jeremy Hogan, an XRP advocate and legal adviser, stated that the SEC’s allegations that Ripple is selling XRP as an unregistered security could be settled even this month.

“Reconciliation Possible in Ripple-SEC Case From Now to November”

According to Hogan, now is the ideal and logical time for the parties to reach an agreement, as both sides have made their arguments:

“The most likely deal timeframe is from now until the end of November because the cards will be on the table.”

Most likely settlement timeframe is from now until end of November because the cards will be on the table.

— Jeremy Hogan (@attorneyjeremy1) September 5, 2022

Hogan draws attention to the thesis that Ripple executives could not have known that XRP was a security in 2012, which even the SEC itself did not know, or at least did not explicitly state, until filing the lawsuit in December 2020.

Today, Hogan says the SEC needs to bring clarity to the crypto industry by making its stance firm on which of the largest digital assets in the market should be considered securities.

Hogan expressed his thoughts on the subject as follows:

“The SEC should be able to come up with a list of the top 20 cryptocurrencies and tell us which ones are (and aren’t) securities. Why doesn’t he say? Why does he prefer uncertainty? Shouldn’t it protect us from these illegal projects?”

In a separate filing for a former Coinbase employee accused of insider trading, the SEC recently named nine cryptocurrencies it believes to be securities.

None of the digital assets mentioned in the application were among the top 20 coins by market capitalization.

*Not investment advice.