chiaNetwork CEO Gene HoffmanRipple’s ongoing legal battle against the SEC He thinks he can lose.
The rise in the crypto money market continues to gain strength with the effect of news flows. Many crypto projects have managed to gain strong momentum with the flow of news behind them. In this context of Ripple Pricing as a result of its ongoing lawsuit against the SEC is one of the most curious issues. However, Chia NetworkCEO Gene HoffmanFor years, Ripple against the SEChis legal fight He said he might lose.
Hoffman Thinks Ripple Could Lose
chiaNetwork CEO Gene HoffmanIn his post on Twitter, He stated that Ripple could lose the legal battle against the SEC.
A user on Twitter asked Hoffman an interesting question. In the user’s question, SEChead by Gary Genslerapproach to cryptocurrencies. Gensler’s, launching other cryptocurrencies other than Bitcoin as securities has come under the close branding of the community.
Curious about Chia’s attitude towards this situation, the user received a sensational response from Hoffman. Hoffman, Chia’stoken of XCHis not a security and the company chia stated that it plans to register its equity capital. Unlike those who avoid it, Hoffman believes it’s the most obvious way to be legal.
Included in this discussion Matt Hamilton, that Ripple also carried out the equity registration, but From the SEC editionHe said he couldn’t escape. to Hamiltonresponsive HoffmanBefore registering shares of Ripple that you are selling XRPand said it was a mistake.
Hoffman He added that when there is no token sale, it cannot be considered a security. Also, the Chia company to XCHdisclosed that it owns but has never sold any tokens.
In all this discussion HoffmanHe said he would not be surprised if Ripple was considered a security due to the sale of XRP. chiaCEO, He underlined that the SEC could win the case.
