As the litigation between the US Securities and Exchange Commission and Ripple continues, both sides are actively jamming sticks into each other’s wheels and fighting for their truth. The most recent example of this was that of pro-Ripple lawyer Jeremy Hogan. Tweets Accused the regulator of obstructing the trial.
Ripple filed a request to certify speech recordings of SEC employees, including former commissioner Robert Jackson, but the commission neither acknowledged nor denied the authenticity of the submitted videos. According to the lawyer, the SEC is just messing around, and certification is a standard procedure and shouldn’t be so difficult. Hogan also urged Judge Torres to pay attention to these videos, especially those featuring Robert Jackson.
Also, on a personal note, I hope Ripple will certify these videos as 3 of them belong to former commissioner Robert Jackson!
And Judge Torres needs to see his videos only for entertainment value. pic.twitter.com/Mm1jb2QdF9
— jeremy hogan (@attorneyjeremy1) 4 August 2022
In a January Forbes article, Jackson, a former SEC commissioner in Donald Trump’s administration, made controversial remarks about the SEC’s approach to regulating cryptocurrencies. He claimed that the regulator deliberately avoided clarity in this direction, especially in the area of positioning digital assets as securities, and chose the vector of “communication with the market”.
Litigation doesn’t distract Ripple from its goals
Now Ripple’s case against the SEC, or vice versa, has moved to an ugly stage, which could mean a close rebuttal of an already multi-year trial. At the same time, Ripple, although it has established that the forced cost of the case will exceed $100 million, is unwilling to stop its activities and, conversely, is now trying to expand and increase the scope of work. Is.
Perhaps this is the right approach, given that the sphere of action for the company is all over the world, and the process, no matter how it ends, will not greatly limit Ripple’s opportunities.