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XRP Bulls Rejoice as Ripple’s Legal Battle Takes a Turn: Will XRP Soar to New Heights?

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  • Attorney Jeremy Hogan shares an update on the ongoing legal battle between the SEC and Ripple.
  • Hogan reveals that Judge Analisa Torres had previously ruled in favor of a defendant against the SEC.

XRP Case: Pro-Crypto Lawyer Shares Update on Ripple vs. SEC Legal Battle

Pro-crypto lawyer, Jeremy Hogan, partner of Hogan & Hogan, has shared an interesting update on the ongoing legal battle between Ripple and the SEC. Hogan stated that Judge Analisa Torres, who is currently presiding over the Ripple case, had previously ruled in favor of a defendant against the SEC on a pertinent issue.

In a tweet, Hogan referred to a case involving the U.S. SEC and leading global mining group, Rio Tinto. According to Hogan, Judge Torres ruled against the SEC on scheme liability claims, where alleged misrepresentation or omissions are the sole basis of such claims. Hogan added that the appellate court upheld Judge Torres’ decision on the matter.

Judge Torres’ Ruling and SEC’s Request

The SEC appealed Judge Torres’ ruling on the issue, hoping to get a different outcome. However, the appellate court upheld Judge Torres’ decision. The SEC also requested that Judge Torres reconsider her ruling in light of the Supreme Court’s 2019 decision on its case against Lorenzo. However, Judge Torres refused, explaining that misstatements without more are insufficient to trigger liability.

XRP Enthusiasts React

XRP enthusiasts seem excited that Judge Torres had previously ruled against the SEC. Some members hope she will rule against the regulator in the Ripple lawsuit. In response to Hogan’s tweet, an XRP community member asked whether Coinbase would immediately relist XRP if Judge Torres rules in Ripple’s favor and the SEC appeals the decision.

Hogan said Ripple would move forward with its business if Judge Torres grants summary judgment in its favor. However, he could not confirm whether Coinbase would relist XRP because the exchange has not been consistent recently.

In conclusion, the Ripple vs. SEC legal battle continues, and the XRP community eagerly awaits the final verdict. Hogan’s update on Judge Torres’ previous ruling against the SEC provides some hope for Ripple, and XRP enthusiasts are closely monitoring the situation. Whether or not Coinbase will relist XRP and the SEC’s next moves remain to be seen.

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628