Legal Experts Specializing in XRP Predict Ripple’s Defeat in Recent Legal Action

Legal experts in the pro-XRP community are predicting that Ripple Labs will likely lose its latest court motion in the ongoing legal battle with the US Securities and Exchange Commission (SEC). Attorney Jeremy Hogan, in a recent post on Platform X, expressed his belief that the SEC will come out on top in this motion. He also suggested that even if the court considers the witness an expert, it will likely allow Ripple to depose him rather than striking his testimony. Another lawyer from the pro-XRP community, Bill Morgan, also shared a pessimistic view, stating that he thinks Ripple will lose the motion but the judge will accept some expert evidence and allow Ripple to present its case. The crypto community is eagerly awaiting the SEC’s response on May 6, which could shape the future course of the lawsuit. The SEC’s comment will be in response to Ripple’s opposition to the regulator’s request for a $2 billion fine. These recent developments will lead to Judge Analisa Torres’ ruling on Ripple’s penalty for selling XRP to institutional investors. It is important to note that the opinions expressed in this article are for informational purposes only and should not be considered as financial advice.