Chia Network COO claims Ripple will lose against SEC
12/07 08:55
According to U.Today, Gene Hoffman, chief operating officer at blockchain company Chia Network, has predicted that the U.S. Securities and Exchange Commission will defeat Ripple in a closely watched legal battle. "The only outcome is that a federal judge will rule that Ripple's sales of XRP made XRP a security," he tweeted. The former public company CEO says that federal judges are skeptical enough to know that most people bought XRP hoping "the number would go up." Hence, the arguments of Ripple and its supporters about the cryptocurrency's alleged utility likely won't fly.
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