Judge’s Comments During SEC Hearing Could Be Favorable for Ripple: Unaffiliated Attorney

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Judge’s Comments During SEC Hearing Could Be Favorable for Ripple: Unaffiliated Attorney

ttorney Jeremy Hogan, a partner at Hogan & Hogan legal firm, has pointed out some comments made by the magistrate Judge that may favor Ripple against the U.S. Securities and Exchange Commission (SEC).

Hogan observed the judge commenting in a virtual hearing over the SEC’s attempt to obtain personal financial information of Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen.

Judge’s Comments May See Ripple Come Out Triumphant

In a YouTube video, Hogan said Judge Sarah Netburn had interrupted the discussion to clarify a statement she felt was untrue.

Netburn is not the primary judge in the case; she is assisting District Judge Analisa Torres with discovery and mediation.

According to Hogan, Netburn gave the impression that Ripple’s XRP cryptocurrency may not be a security as the SEC claims. According to Hogan, the judge said,

“My understanding about XRP is that not only does it have a currency value, but it has a utility, and that utility distinguishes it from Bitcoin and Ether,”

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