Attorney Jeremy Hogan dismisses claims against Ripple, saying that the SEC’s actions are responsible for influencing the XRP price. Famous lawyer Jeremy Hogan asserted that the SEC’s actions have been contributing to the price change of XRP. Hogan made this known yesterday while reacting to a now-deleted post from former SEC official Marc Fagel. Morgan […] The post Legal Expert Says XRP Price Influenced By SEC, Not Ripple first appeared on The Crypto Basic.

Legal Expert Says XRP Price Influenced By SEC, Not Ripple

Attorney Jeremy Hogan dismisses claims against Ripple, saying that the SEC’s actions are responsible for influencing the XRP price.

Famous lawyer Jeremy Hogan asserted that the SEC’s actions have been contributing to the price change of XRP. Hogan made this known yesterday while reacting to a now-deleted post from former SEC official Marc Fagel.

Morgan Slams SEC for XRP Price Decline

The conversation started yesterday after the SEC  requested permission to file an interlocutory appeal in the Ripple lawsuit.

Moments after the news went viral, the price of XRP plummeted to around $0.6273. Commenting on the development, Attorney Bill Morgan described XRP price plunge as “the SEC’s handiwork.”

He also shaded the SEC by sarcastically stating that the regulator is  “always protecting investors.” Although Fagel reacted to the remarks, he deleted his comment soon after XRP enthusiasts criticized him.

Ripple’s Actions Don’t Influence XRP Price

Interestingly, Attorney Hogan joined the conversation and stated that Ripple Labs’ action does not influence the price of XRP. H owever, he claimed that  “only the actions of the SEC change its [the coin’s] price… strange.”

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