• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Ripple

SEC v. Ripple: XRP Whale and rival Jed McCaleb is probably “praying that Ripple wins” – FinanceFeeds

Admin by Admin
July 26, 2021
in Ripple
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

“And so, Mr. Mccaleb is probably watching the Ripple lawsuit very closely and praying that Ripple wins”, Mr. Hogan added.

A few attorneys have risen to prominence online since the SEC decided to file a complaint against Ripple Labs for an alleged unregistered sale of securities, implying that XRP is a security.

Related articles

Ripple Recognized as One of America’s Fastest-Growing Private Companies – U.Today

August 16, 2022

Ripple to Power Remittances Between Japan and Thailand via New Partnership – U.Today

August 16, 2022

One of those lawyers is Jeremy Hogan, who has gained popularity with his Youtube videos covering and commenting on the lawsuit. In his latest, Mr. Hogan offered to answer any question in a typical “ask me anything” (AMA) fashion.

While he answered several questions and jokes, a few were more newsworthy than others such as: “Is there a difference between Ripple selling XRP to businesses and jed selling XRP from this taco stand wallet onto open exchanges?”

Jed refers to Jed McCaleb, the Ripple co-founder and first CTO who left to launch Stellar (XLM). McCaleb continues to sell millions of XRP despite the ongoing SEC v. Ripple lawsuit.

When the SEC sued Ripple, the agency claimed that all XRP, including XRP sold in the secondary market, were always unregistered securities. In a recent tweet, XRP Holders attorney John Deaton commented on this controversy:

“Although the SEC claims that all XRP are unregistered securities and Brad Garlinghouse and Chris Larsen unjustly enriched themselves, it allows Ripple Co-founder JedMcCaleb to sell his XRP for hundreds of millions of dollars to possibly buy MoneyGram. Makes perfect sense.”

In regard to the question, attorney Jeremy Hogan stated Jed McCaleb “basically sold XRP just like Brad Garlinghouse and Chris Larsen – he just wasn’t employed by Ripple when he sold it. And he wasn’t sued. But could he be?”

Mr. Hogan then analyzed the how an SEC lawyer explained it to the Judge back in the hearing in March.

“Court: Presumably then every individual in the world who is selling XRP would be violating securities laws?”

“SEC Attorney: Section 5 focuses on the issuer and affiliates of the issuer that are captured by the statute and Section specifically exempts these transactions of other people buying and selling XRP.”

Jeremy Hogan then concluded that the legal question becomes “is Jed McCaleb an affiliate of Ripple? And the short answer is that because he received the rights to receive the tokens during his break-up with Ripple as an executive that probably prohibits him from receiving the protections of Section 4.”

“And so, Mr. Mccaleb is probably watching the Ripple lawsuit very closely and praying that Ripple wins”, Mr. Hogan added.

SEC v. Ripple angers XRP holders as rival Stellar (XLM) mixed in “love triangle” over MoneyGram

Jed McCaleb received 8 billion XRP tokens for his role co-founder and CTO in the development of the OpenCoin company, which has since been rebranded to Ripple Labs.

McCaleb and Ripple reached an agreement in which he could sell 1.5% of XRP’s daily volume per day. In 2020, McCaleb sold a whopping $400 million worth of XRP and has sold almost 2.4 billion XRP so far this year, which may have been worth approximately $1.95 billion.

The SEC has made no public statement regarding Jed McCaleb’s XRP activity despite the ongoing SEC v. Ripple lawsuit, which had XRP being delisted by crypto exchanges in the United States, crippling the market.

You might want to read:

Ripple’s XRP ventures into tokenization, SEC Gensler warns of security issue: “Make no mistake”

SEC “rebukes” own Commissioners views ahead of William Hinman deposition

SEC v. Ripple: “SEC is desperate for this deposition not to go forward. Desperate”

Grayscale – who dumped XRP amid SEC v. Ripple – partners with BNY Mellon ahead of ETF conversion

SEC v. Ripple: Settlement could bottleneck flow of XRP, says expert

Share76Tweet47

Related Posts

Ripple Recognized as One of America’s Fastest-Growing Private Companies – U.Today

by Admin
August 16, 2022
0

Ripple Recognized as One of America's Fastest-Growing Private Companies  U.Today

Ripple to Power Remittances Between Japan and Thailand via New Partnership – U.Today

by Admin
August 16, 2022
0

Ripple to Power Remittances Between Japan and Thailand via New Partnership  U.Today

XRP Price Prediction: No point in trading Ripple until one of these two things happen – FXStreet

by Admin
August 16, 2022
0

XRP Price Prediction: No point in trading Ripple until one of these two things happen  FXStreetRipple Price Analysis: After 2 Months...

Why all eyes are on Ripple’s XRP price this week – FXStreet

by Admin
August 15, 2022
0

Why all eyes are on Ripple’s XRP price this week  FXStreetRipple Price Analysis: After 2 Months of Sideways, Will XRP Finally...

Ripple Ex-Developer’s Remarks About XRP and Bitcoin – The Coin Republic

by Admin
August 15, 2022
0

Ripple Ex-Developer’s Remarks About XRP and Bitcoin  The Coin Republic

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022

Blockchain Use in Supply Chain Leads to Greater Benefits – The National Law Review

August 25, 2021

Market Wrap: Bitcoin’s Price Retraces Again, Breaks Below Trendline – CoinDesk

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0

Market Wrap: Bitcoin’s Price Retraces Again, Breaks Below Trendline – CoinDesk

August 16, 2022

Are Blockchain Bridges Safe? Why Bridges Are Targets of Hacks – CoinDesk

August 16, 2022

Ethereum [ETH] short-term traders can celebrate next week if… – AMBCrypto News

August 16, 2022

Coinbase Will Pause Ethereum Transactions During “The Merge” – Bitcoinist

August 16, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack