On 30 December 2022, Jeremy Hogan, a partner at the American law firm Hogan & Hogan, who has been closely following and commenting on the U.S. SEC’s lawsuit against Ripple, explained why he owns $XRP.
As you may remember, on 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.”
Hogan told his over 248K Twitter followers:
When asked “what stops the CFTC from suing Ripple next”, Hogan replied that “the CFTC would essentially have to allege some kind of fraud and, even the SEC couldn’t come up with fraud allegations.”
Hogan went on to say that out of the top 20 cryptoassets, he feels that only Bitcoin is safe from the SEC (presumably because of past comments by SEC Chair Gary Gensler and his predecessor Jay Clayton):
On 27 December 2022, entrepreneur David Gokhshtein, who is Founder and Chairman of crypto-focused media outlet Gokhshtein Media, talked about his plans to buy more $XRP, the native token of the XRP Ledger (XRPL).
The popular crypto influencer told his nearly 700K Twitter followers:
“Alright — first thing I’m going to make sure to do in the next few days is to have my #crypto assets in order. Going back to focusing on $BTC and $ETH as my top dawgs. Then, adding more bags of $LTC and $XRP. I’ll still go into meme tokens — risk play but it’s money I can afford to lose.“
It was back in late September 2022 that Gokhshtein first seemed to get excited about $XRP:
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