SEC v. Ripple: Jeremy Hogan shares “origins story” and defends Ethereum

Rick Steves

“I just looked at the lawsuit and said “this is not a slam dunk lawsuit” and so I told my wife I wanted to do a video on this”, he said. The video was published on 5 January 2021 and it was the first of many since then.”

Attorney Jeremy Hogan, Partner at the Hogan & Hogan law firm based in Orlando, Florida, discussed Ripple and XRP-related subjects with Scott Powell and “Crypto Eri” on Youtube.

In a year, Hogan rose to become one of the leading influencers in the crypto space, with a particular emphasis on XRP, and he told his origins story, which started in January 2021, two weeks after the SEC filed the complaint against Ripple Labs.

“I had a Coinbase account and had 1 bitcoin and 2 Ethereum and I was like “I’m so cool, I’m a crypto guy”. I didn’t know what a blockchain was or a ledger or anything”, he said, adding that at that time he noticed a “doom and gloom” mood about the XRP lawsuit.

“I just looked at the lawsuit and said “this is not a slam dunk lawsuit” and so I told my wife I wanted to do a video on this”, he said. The video was published on 5 January 2021 and it was the first of many since then.

“Now I have a wallet and my ledger. So I really am one of the group”, he continued, as he pointed out that meeting people from all over the world has been the best part of his journey.

Prior to analyzing the SEC v. Ripple lawsuit on Youtube, he was already an active member of the social media platform with videos on all kinds of popular legal questions, covering marijuana, sexting, telemarketing, and tomatoes.

More articles covering the XRP Army live session:

XRP lawsuit: Attorney Hogan plays SEC counsel against Ripple for 5 minutes

Will Ripple win the case and, if not, what will be the future of XRP?

Ethereum: “Beware of what you wish for”

It is undeniable that there was already a lot of infighting within the digital asset ecosystem, but the XRP lawsuit has fueled the debate over the role of the Ethereum Foundation in the events prior to the SEC complaint, namely the meetings and emails before the 2018 speech on Ether by William Hinman.

The court may ultimately order the SEC to produce some of that evidence in order to eventually support Ripple’s defense. For now, the SEC will ask the Judge to reconsider the ruling, which may be confirmed this month.

XRP remains delisted in most exchanges in the United States, who fear they could get sued by the Securities and Exchange Commission for facilitating the trading of what could still be ruled as unregistered securities.

In the meantime, ETH is the top 2 crypto asset by market cap, trading above $3,000 and being exchanged in thousands of markets.

In July 2021, Jeremy Hogan analyzed Ethereum in terms of its “danger rating” of being sued by the SEC. In that video, he pointed to its fundraising event which “sure looked like” an initial coin offering and the centralized management structure of the organization, which are problematic. Ethereum 2.0 added profit to stakers to the equation, which makes it worse.

Questioned if Ethereum will ever be held accountable by the SEC or if they will get a second free pass despite “all the stuff that came out”, Jeremy Hogan took the diplomatic road.

“Beware of what you wish for. If Ethereum gets sued by the SEC, what does that do to the crypto space? What if it loses?”

“I agree we need clarity and level the playing field but be careful of wishing ill upon you neighbor because we are all teammates in the big picture. Ethereum may be a ball hog but is still your teammate and if it goes down with an injury, the whole team suffers.”

Read this next

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

Executive Moves

Financial Commission Adds Sam Low to Dispute Resolution Committee

The Financial Commission (FinaCom PLC), a dispute resolution service that caters to the financial services industry, has appointed Sam Low as the newest member of its Dispute Resolution Committee (DRC).

Digital Assets, Uncategorized

De-facto owner of Bithumb exchange arrested in South Korea

South Korean prosecutors have arrested Kang Jong-Hyun, the anonymous chairman and owner of the country’s largest cryptocurrency exchange, Bithumb, on charges of embezzlement and stock manipulation.

Retail FX

Interactive Brokers volumes snap three-month losing streak

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January, an indication that investor confidence in the financial markets is rebounding after having been fairly mixed over the past few months.

Digital Assets

VVF invests $5 million in Everscale, a potential Layer 2 solution for Venom blockchain

“For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Institutional FX

FXSpotStream volume ends string of declines on January rebound

Trading volumes on institutional FX platforms surged in January as traders increased their bets on central bankers’ policy with evidence mounting that inflation and economic growth are both losing momentum.

Industry News

DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

Industry News

Morgan Stanley launches ETF platform with six ESG-focused products by Calvert

“These new ETFs will resonate strongly with investors who seek competitive investment results while promoting positive change and supporting companies that are leaders in improving long-term shareholder value and societal outcomes.”