Wednesday, May 12, 2021

Jeremy Hogan Shares a Scenario That Makes Today’s XRP Lawsuit Hearing a “Mission Accomplished”

Jeremy Hogan, the partner at the Hogan & Hogan law company, has recently shared a favorable development in today’s Ripple-SEC lawsuit hearing.

Jeremy Hogan in a tweet that has since gone viral congratulated the XRP community for an encouraging development that played out in today’s hearing.

Read Also: SEC Says XRP Investors’ Motivation for Supporting Ripple Is Only for Profit

According to Hogan, the court is now fully aware of the high interest of the public in the ongoing case between Ripple, the cross-border payment firm, and the United States Securities and Exchange Commission (SEC).

Describing the scenario as a mission accomplished, the lawyer stated that he’s quoting from Judge Netburn’s statement. This implies that the case is currently developing as planned for Ripple.

Jeremy Hogan tweeted, “Congratulations XRP People. By the start of the hearing today the telephone system MAXED OUT at 4k listeners! The Court is very aware of the “High Interest” in the case (quote from Judge Netburn). MISSION ACCOMPLISHED! I need to finish up some pleadings and then home to video!”

Read Also: XRP Investors Launch New Petition to Make Gary Gensler Drop Ripple-SEC Lawsuit

In response to Hogan’s update, a user asked, “Can you ball-park how long the Judge will take to provide a decision? Hours? Days? Weeks?”

“Next week,” Jeremy Hogan said.

Today’s Ripple-SEC Lawsuit Hearing in Brief

As reported by U.Today, Judge Sarah Netburn has today ruled on whether or not Ripple will be allowed to send a memorandum of understanding (MoU) requests to foreign regulators to obtain information from the firm’s partners and crypto exchanges outside the United States.

The final verdict will be announced after all necessary things are taken to consideration. This is probably slated for next week as earlier stated by Jeremy Hogan.

Read Also: David Schwartz Addresses Confusion Related to Tax on FLR Airdrop to XRP holders

However, Jorge Tenreiro, a senior trial attorney at the SEC, claimed that the MoU process was not essential. He added that the flow of securities and money doesn’t stop at a country’s borders:

“Essentially, what they are asking is to exempt only the U.S. and the SEC from the multilateral process. As the court, the flow of securities and money doesn’t stop at a country’s borders. One of the most important tools in our arsenal is strong cooperation with our counterparts.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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