Legal expert and XRP advocate Jeremy Hogan is sharing his outlook on the likelihood that several large-cap digital assets will face future securities lawsuits from the U.S. Securities and Exchange Commission (SEC).
Hogan analyzes how likely the SEC is to go after Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT), and Uniswap (UNI) based on a “danger rating” of 1-10, with 10 being the most likely.
The lawyer notes that ADA was first released as an initial coin offering, something he claims is “problematic” in relation to potential SEC lawsuits. Hogan notes, however, that Cardano protected itself with a smart legal maneuver.
“The general thought at the SEC is that almost all ICOs are sales of securities. However, Cardano did something that was legally very smart. Its initial coin offering took place in my old stomping grounds of Japan, which, as you may have heard, is very legal friendly to crypto. About 95% of the ICO was to Japanese nationals, and