Legal Expert Says Ethereum Complicates SEC’s Case Against Ripple – Here’s How

Legal Expert Says Ethereum Complicates SEC’s Case Against Ripple – Here’s How


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.

 

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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

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