A legal expert who is closely covering the U.S. Securities and Exchange Commission’s (SEC) case against Ripple believes Ethereum (ETH) could play a key role in the courtroom battle.
The SEC filed a lawsuit against Ripple in December 2020 alleging that the San Francisco-based firm sold XRP as an unregistered security.
Attorney Jeremy Hogan tells his 131,900 followers on Twitter that the case is becoming more complicated after Ripple raised the question on whether or not Ethereum (ETH) itself is a security.
Busy at work yesterday so I missed this AMAZING filing from Ripple – its Motion to Compel responses to Interrogatories.
For e.g.: Ripple asks the question we have asked to Chair Gensler – "Is Ether a security?" and they haven't yet but I believe the SEC will be FORCED to answer. pic.twitter.com/L3X6wJ9bkl
— Jeremy Hogan (@attorneyjeremy1) September 2, 2021
The lawyer explains why answering the question is difficult for the SEC.
“If the answer