Ripple Will Lose Against SEC, Crypto Executive Claims
Gene Hoffman, chief operating officer at blockchain company Chia Network, has predicted that the U.S. Securities and Exchange Commission will defeat Ripple in a closely watched legal battle that will soon stretch into its third year. "The only outcome is that a federal judge will rule that Ripple's sales of XRP made XRP a security," he tweeted.
Hoffman, who has decades of experience working with the SEC, has pointed to the fact that the regulator has not lost a Section 5 case in decades, adding that there is very little difference between XRP and LBRY Credits (LBC) tokens. As reported by U.Today, peer-to-peer content distribution network LBRY was defeated by the SEC in November, with the court ruling that the start-up offered LBC tokens as unregistered securities.that its XRP distributions were viewed as illegal back in 2019.
Source
https://t.me/Cronos_Cardano_Ripple
