In the pending lawsuit between crypto company Ripple and the SEC, US lawyer Jeremy Hogan talked about four possible outcomes.
In the turbulent period of the global economy, interest in the cryptocurrency market is increasing. Even though the crypto industry is under the influence of the bear market, it is attracting a lot of attention. However, this progress of the sector also struggles with legal processes. The crypto industry is subject to legal processes, often as a result of fraud, bankruptcy and illegal events. The result of bad actors and scenarios, this has not impacted overall crypto adoption. In the midst of all these processes, the contentious legal battle between Ripple and the SEC came to the fore.
US Lawyer Predicts Four Possible Outcomes in Ripple and SEC Case
The securities lawsuit between the popular crypto project Ripple (XRP) and the SEC has come to an end. The presentations made by both sides were an important step in determining the outcome of the case. Ripple was able to make gains with the power it gained on the court side.
Although no definitive case has been made yet, the crypto industry thinks Ripple will win. On the other hand, four predictions came from Jeremy Hogan, a US lawyer.
In Hogan’s four scenarios; It includes the Ripple company winning the case, the SEC side winning the case, the case ending in a draw, and an unexpected decision in the case.
Hogan attributed the probability that Ripple won to the lack of securities. According to Hogan, XRP does not exhibit any legal obligations towards its buyer.
The lawyer also attributed the SEC side’s win to the use of XRP. According to the lawyer, the SEC could win if regulatory evidence reveals that XRP is used to power cross-border payments.
Referring to the draw and unexpected decision parties, Hogan said that these possibilities are seen as a possibility in legal processes.
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