Continuing for about 2 years US Securities and Exchange Commission (SEC) with Ripple ongoing between XRP The outcome of the case is awaited with great interest.
While the crypto community is waiting for Ripple to win the case, Hogan & Hogan’s partner lawyer, who is following the case closely Jeremy Hogan He explained his view on what would happen if Ripple lost the case against the SEC.
As many XRP and crypto investors wondered what would happen if Ripple lost the case, as the case is a first, lawyer Hogan shared on Twitter.
Replying to a post by Michelle Nightengale, CEO of the Global Institute of Wellness Entrepreneurs and author of Boost Business Online, Jeremy Hogan thinks that if Ripple loses the case against the SEC, XRP will lose some of its use.
The lawyer, who shows that the USA provides 25% of the global economic activity, also based on this example. XRPHe claimed that the use of ‘ will also lose 25%.
“The US accounts for 25% of world economic activity, so as a rough estimate, I think if Ripple loses its case against the SEC, XRP will also lose 25% of its use.”
In Michelle Nightengale’s post, if the SEC identifies XRP as a unregistered security Brad Garlinghouse, CEO of RippleHe also referred to the announcement of Ripple that it will withdraw from the USA.
Jeremy Hogan and the crypto community believe that if Ripple loses to the SEC, it will negatively impact the US crypto industry, but Ripple Although he loses the case, he thinks that the result will not be big, only that the XRP ecosystem will shrink by 25%.
The US accounts for 25% of world economic activity so, as a rough guesstimate, XRP would 25% of its utility. ?
— Jeremy Hogan (@attorneyjeremy1) January 9, 2023
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