Jeremy Hogan, a lawyer at the American legal firm Hogan & Hogan who has actively followed and commented on the U.S. SEC’s case against Ripple, revealed why he buys $XRP on 30 December 2022.
As you may recall, the SEC said on 22 December 2020 that it had “filed a case against Ripple Labs Inc. and two of its executives, who are also substantial security holders, charging that they raised more than $1.3 billion via an unregistered, continuing digital asset securities offering.”
Hogan tweeted to his more than 248,000 followers: When questioned, “What prevents the CFTC from suing Ripple next?” Hogan said, “The CFTC would have to charge fraud, and even the SEC couldn’t come up with fraud accusations.”
Hogan continued by stating that, among the top 20 cryptoassets, he believes that only Bitcoin is safe from the SEC (probably due to previous statements by SEC Chair Gary Gensler and his predecessor Jay Clayton):
On 27 December 2022, entrepreneur David Gokhshtein, founder and chairman of the crypto-focused media company Gokhshtein Media, stated his intentions to purchase an additional $XRP, the XRP Ledger’s native coin.
The influential figure in cryptocurrency informed his roughly 700,000 Twitter followers: “All right — the first thing I’m going to do in the next few days is organize my #crypto assets. Back to prioritizing $BTC and $ETH as my big players. Then, adding more LTC and XRP bags. I will continue to invest in meme tokens, but only with money I can afford to lose.”
Also Read: South Korean Crypto Exchange V Global Leaders Sent to Jail for Fraud
