In a new video, attorney Jeremy Hogan has revealed a “new hope” for the XRP community. It’s “a super important litigation strategy that Ripple is going to implement, and I call it the new hope.” (Disclaimer: Neither Jeremy Hogan nor Crypto News Flash
are providing financial or legal advice).
The SEC has jurisdiction over trading, i.e., buying and selling, but not holding securities in the United States. Therefore, security comes under the SEC’s jurisdiction only if it was a security at the sale time. Each sale must be considered individually, as circumstances may change.
Generally, at the time of the sale, Ripple must have advertised the expectation that XRP would increase in value due to its activities. The key, then, is whether and, if so, when Ripple was the primary driver of XRP’s price at a given point in time.