In a new development, a pro-XRP attorney has shared some startling information that could point toward victory for Ripple in its ongoing securities battle against the United States Securities and Exchange Commission (SEC). This ruling in another case that was similar to what Ripple is currently fighting with the SEC shows there could be a positive outcome for the crypto firm after all of this.
A Case Similar To Ripple Gets Good Judgement
Attorney Jeremy Hogan took to Twitter to share a previous ruling by Judge Analisa Torres in another case involving a crypto mining company Rio Tinto and the SEC. In the cutout of the ruling posted by Hogan, it shows that the judge previously ruled that there was no liability on the part of Rio Tinto when “the sole basis for such claims is alleged misrepresentations or omissions,” something that is also present in the Ripple case.
What A Victory Would Mean For XRP
The Ripple v. SEC case has dragged on for a couple of years now which has negatively impacted the price of XRP. In 2020 when the bull market was starting to roll around, Ripple was hit with a lawsuit that saw XRP’s price crash over 50%, and while other cryptocurrencies in the space went on to see new all-time highs in the next year, XRP suffered tremendously
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