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Former SEC Lawyer Predicts Win for Ripple in Securities Lawsuit

Published 03/02/2022, 06:00 AM
Updated 03/02/2022, 06:30 AM
© Reuters.  Former SEC Lawyer Predicts Win for Ripple in Securities Lawsuit
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  • Former SEC lawyer says Ripple might win the securities lawsuit.
  • SEC had sued Ripple in 2020 for issuing and selling unlicensed securities.
  • Current updates in the case appear to be favorable for Ripple.

The SEC vs. Ripple plot thickens as the former SEC lawyer said that he believes Ripple will win the lawsuit. In a recent podcast interview with crypto analyst Tony Edward, former SEC lawyer Joseph Hall remarked that the SEC shouldn’t have brought up the case in the first place.

According to Hall, Ripple stands a good chance of winning the lawsuit as it has an excellent defense: the SEC did not notify Ripple of the investigation. By law, it is required for SEC to inform organizations when it investigates any case. Therefore, Hall believes that this point is good enough to break the case.

Joseph Hall said:

I’m not sure what the SEC is planning on proving through the XRP litigation either… I continue to be perplexed why the SEC decided to bring that case… Their entir ...

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