Top lawyer Jeremy Hogan said “it is like the judge will not even address the issue” of whether XRP token is a security
He also talked about the importance of the judge’s rule on the “secondary market sales” of XRP in the ongoing case
His concern was echoed by another lawyer who cited the judge’s ruling on the parties’ Daubert motion in a post
While Ripple CEO Brad Garlinghouse predicted that the verdict on the cryptocurrency solutions provider’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could be out in weeks’ time and not in months, a top lawyer has noted that U.S. Federal Judge Analiza Torres might disappoint the border cryptocurrency industry since she may not rule on the issue of whether XRP token is a security.
“The problem is that it is likely the judge will not even address the issue — since it’s not explicitly raised by the plaintiff,” Attorney Jeremy Hogan of Hogan & Hogan said in a tweet.