XRP2: Ripple alternative hires Jeremy Hogan as Legal Advisor

Rick Steves

Bringing attorney Jeremy Hogan automatically lends some credibility to the project, but critics may find XRP2 as an inflationary force for acting as a perceived substitute for XRP.

XRP2, a blockchain project based on the XRP Ledger, has hired XRP-friendly attorney Jeremy Hogan as its Legal Advisor.

The project explains its very existence on Twitter: “XRP is for bank and government use. XRP2 is for peer to peer and general public transaction and spending”.

Jeremy Hogan lends some credibility to XRP2

XRP2 derives its name from the XRP Ledger, which is the open source blockchain developed by Ripple co-founders and powers the original XRP, whose nature may currently be in dispute in the SEC v. Ripple lawsuit.

The new blockchain project, however, has all cards on the table as it even considers a complete fork of the XRP Ledger.

“When we have a full team we will be looking a running nodes, validators, side chains or even a complete fork of the XRPL. Until then we don’t or won’t pretend that’s what we’re doing because we aren’t. When we have our full team we will explore everything to be the best we can”.

Bringing attorney Jeremy Hogan automatically lends some credibility to the project. At least, that’s what the project founders are hoping for.

“And Just like that. The project becomes real and we have proved ourselves. We’ve actually worked/working with Jeremy on another project so he knows that this is also a real project.”

Hogan also commented on the appointment: “Happy to have been retained as U.S. legal counsel for the XRP2 project. Yes, I do sometimes do more than Tweet and make YouTube videos. :)”

Can XRP2 be an inflationary force?

Jeremy Hogan has become famous ever since the SEC filed the lawsuit against Ripple. The attorney analyzed and still analyzes the legal process and potential outcomes of the court case in his Youtube channel. He is also a very active member of the XRP community.

His understanding of the law and popularity within the community may benefit XRP2 at this early stage as the project isn’t even underway, but it remains to be seen if XRP2 will be able to succeed in its mission.

“As you probably well know XRP is designed and exists for the bank/government/cross border remittances market, we are going for peer to peer and normal people spending market…we are built on the XRPL and are as fast and as cheap to send as XRP”, the co-founders stated on Twitter.

XRP, however, is already used for consumer payments across the globe. That much has been proven throughout the years as XRP holders use the digital asset for all kinds of spending, staking, and transfers.

Critics may find XRP2 to be an inflationary force for acting as a perceived substitute for XRP.

Make sure you are all updated on Ripple and XRP, here!

Read this next

Executive Moves

YourBourse hires 3 executives to transform development procedures

“Valter, Maria, and Sergey bring decades of experience in the FX industry to our company and I’m very excited how they will enable our ambitious growth plans.”


Baton adds OCC to collateral management network

“For the FCM community, this translates into ensuring money isn’t being left on the table. Our FCM clients are already using the Baton platform to move tens of billions of dollars of collateral every week.”

Retail FX

eToro buys US rival Gatsby to expand zero-fee trading offering

Israeli social trading and multi-asset brokerage company eToro has secured the regulatory nod to acquire no-fee trading app Gatsby as it aims to expand its business in the US.

Executive Moves

Genesis Global snatches CMO Jason Jhonson from metaverse company

The hire of Jhonson follows the announcement that Genesis raised $20 million in fresh funding from US banking giants, Bank of America, BNY Mellon and Citi.

Digital Assets

Celsius subsidiary GK8 integrates with Polygon while looking for new owner

“This integration affords our customers more agility in managing their crypto assets, which is key to creating new revenue streams.”

Digital Assets

BDO Italia audits Tether reserves to release monthly attestation

World’s largest stablecoin issuer, Tether has switched the accounting firm that audits the massive reserves that back its USDT token to BDO Italia, the 5th largest accounting firm in the world.

Retail FX

Libertex bags multi-year sponsorship deal with FC Bayern

Indication Investments Ltd, the operator of FX retail brand Libertex, has secured a lucrative sponsorship deal with German soccer giant FC Bayern.

Institutional FX

PrimeXM reports lower volumes for July as summer lull bites

PrimeXM has reported weaker trading volumes for July 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Retail FX

FCA warns of ATFX Global Trading / ATFXcoin

In its latest clampdown against the specific type of ‘clone fraud’, the Financial Conduct Authority (FCA) has warned local investors to watch out for a company called ATFX Global Trading / ATFXcoin.