The United States Securities and Exchange Commission (SEC) has filed its opening brief in the XRP lawsuit, leading to discussions in the crypto community. XRP has also reached a seven-year high of $3.10, gaining significant attention. Jeremy Hogan, a partner at Hogan & Hogan, criticized the SEC's brief, calling it "lackluster" and suggesting weak arguments. The SEC argues that it does not need to prove that XRP retail investors were aware of Ripple's statements about price growth, but Hogan disagrees. He predicts that the court will uphold Judge Analisa Torres' ruling and force the SEC to demonstrate "knowledge of promotional statements." Hogan also suggests that political factors may be influencing the SEC's stance, and the agency's approach could potentially delay proceedings and lead to unfavorable rulings.



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