Former SEC Executive Thinks Ripple Will Win the (XRP) Case! Here’s Why.

After the lawsuit filed by the Securities and Exchange Commission against Ripple, XRP, which fell to the $0.17 levels, revived again with a planned pump wave in private groups during the week.

Although many investors who bought XRP at the peak after this wave have been victimized, XRP continues to trade around the $0.40 levels.

Many analysts agree that XRP is a very risky asset until the court case is over. So, could the court case result in favor of XRP?

Joseph Hall, who worked as a manager at the SEC from 2003 to 2005 and is also a lawyer, believes that the SEC has a higher chance of losing this case.

In an interview about cryptocurrencies, Hall describes the Ripple case as “quite surprising” regarding the SEC lawsuit.

The judge examining the case thinks that the Hall will be affected by realizing that investors were not harmed due to Ripple’s actions.

“I think Ripple has a chance of winning this case. I can’t give you a percentage on this, but Ripple’s chance of winning is greater than that of the SEC.”

The judge asked, “Since XRP was an unregistered security and was harming investors, why did you not intervene despite knowing this since 2012? Why now? What is going on here?” It is likely that the SEC has no answer to this.

*This is not investment advice. The above opinions are personal views of the individual in question. It does not contain any form of “buy-sell-hold” advice. Accordingly, investing based on this may result in the loss of all your money.

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