ferdi1

Husband, Father and Investor. Been in Crypto since 2017. I blog about everything and everybody that is crypto; Twitter: @xrptwin

Two days ago, everybody was following the tweets Rob and James were writing during the hearing between the SEC and Ripple with honourable Judge 2020 ended with a big bang, not exactly what you wanted to see, as the big bang was caused by the SEC. Well, where the SEC thought they were fighting RIPPLE and their powerful team of lawyers, it was this one person that got up and took it upon himself to fight back. No surprises here, I am talking about John E. Deaton, the XRPCommunity Lawyer.

Another BIG name that showed up is lawyer Jeremy Hogan. He shares his knowledge, making the whole SEC vs. Ripple Court Case easier to understand; .... but it is John E. Deaton that took some

ACTION ! ! !

So, who is John, what drives him, what is happening in his live ! ! !

Following John on Twitter, his appearances on the OnTheChain Streams with Chip and Jeff, it is very easy to understand he is a very friendly person, VERY transparent, BUT not a person you want to have on the other side of the table when in a lawsuit.

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I reached out to him, took a little while as his priority is not sitting with an XRPTwin interview, but he took his time to answer and well, let's just dive into it.

XRPTwin:

Who is John Deaton, can you share things about yourself ? ? ?

John:

Born and raised in Detroit. Very poor. High crime neighbourhood. Only one in family to graduate high school. Father of 3 daughters. Business owner.

XRPTwin:

How did you get into Ripple / XRP ? ? ?

John:

I first got into Bitcoin like most people. Researched Ripple and XRP and for a long time I only owned BTC ETH and XRP. Bought XRP in 2016.

So December 2020 came around, a message from Ripple that they probably will be sued by the SEC; this started a train of tweets/ messages by the different people involved in this case.

XRPTwin:

A lot of people fear the SEC for just “BEING the SEC” the Securities and Exchange Commission .... When they are mentioned, it means serious business, where do you stand in this, facing the SEC ? ? ?

John:

I understand why the SEC causes fear. the Sec can put a small company out of business.I think it has become a cesspool of corruption.

Personally I say only way to deal with govt and SEC is fight back.

XRPTwin:

When did you decide to stand up and decide to file a petition against the SEC ? ? ?

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John:

On Xmas eve. I read the complaint on Dec 23. And the next day iI said to my girlfriend:

I’m going after the SEC.

6 days later I filed it.

XRPTwin:

Can you please elaborate what happened when the news came out you filed the petition ? ? ?

John:

When the petition was filed I had some lawyers tell me that I will be lucky if the govt doesn’t come after me. And a lot were just like “you’re going to lose it so why even do it”. But there was strategy behind it. It made the SEC comment.

Also, when news came out, the XRP community was immediately amazing and supportive. There are always some people critical but 99.5% were amazing.

XRPTwin:

Have you spoken to Ripple about this ? ? ?

John:

No I haven’t had any contact with Ripple or the SEC

XRPTwin:

In 2017 I started investing in Crypto. I read a lot about the top 5 coins, but got triggered by Ripple as a company and “their” digital asset that was older than the company.

I do not know how many times I corrected people using Ripple when they meant XRP and vice versa; did it yesterday with a father at my sons school. I know MoonLambo, Matt will love this Paragraph ..... it grinds his gears .....

We saw people correct (official) entities, investors and other individuals using the two names incorrectly, one being the company, one being the digital asset ! To me, it is clear they are two separate things. Can you tell us a how you see this ? ? ?

John:

If Ripple could go back I bet one thing that they would do is not allow it to be called Ripple at first. In the beginning it probably was like it will get the name of the Company out there, but then it became a problem. If your asset is called Ripple it sounds more like a security. I wonder if Ripple regrets changing their name from Opencoin ? ! ?

XRPTwin:

Well, who knows, Opencoin it was and maybe should have stayed like that. Maybe Ripple, if they read this Blog, could answer :–)

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XRPTwin:

Can you say something about the petition you wrote in December 2020, 91 pages ? ? ?

John:

The writ of Mandamus was one hundred percent a strategic move. I knew the chances of winning were like 1% but it would force the SEC’s hand to respond and they did and now we have a shot to join the case.

XRPTwin:

How messy is the situation that Jay Clayton is not working for the SEC anymore, Is this an advantage / disadvantage for you / for the SEC and will this influence the outcome ? ? ?

John:

Clayton can he be given a subpoena and he has to testify ... that said: I wish Jay Clayton was still at the SEC because it will be much more difficult to issue a subpoena now and he will fight it and the SEC will claim privilege.

XRPTwin:

XRP a security in the United States ...... Really ? ? ? Will that push America back economically ? ? ? “The World” deeming XRP NOT being a security, will this actually help your case, but also Ripple's case against the SEC ? ? ?

John:

All the other nations saying XRP isn’t a security definitely helps.

XRPTwin:

If people, the XRPCommunity, would like to contribute to you and your cause, how can they do this ? ? ?

John:

Honestly, XRPHolders already help. When I ask questions as long as they respond

XRPTwin:

What is considered a win for you ? ? ?

John:

A win for me is of course winning the motion to intervene and being a party and actively participating in every aspect of the case in order to represent XRP Holders and Developers and small businesses. That is a huge win.

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If the judge denies the motion to intervene its possible she could allow us to still be involved by granting us elevated amicus status. What that means is we wouldn’t be a party in the case but we could file a brief and participate in the arguments before her. That would also be a win.

But even if we are denied the motion, the judge knows that there are over 11,000 XRP holders who have been greatly impacted and she would have read our brief and our papers and it will help form the issues. So even if we lose on the motion we made a difference.

XRPTwin:

You always have people saying .... Oh, “a small person” versus the big established SEC, NO CHANCE AT ALL, what is your vision ? ? ?

John:

It’s something that annoys me all the time, especially from lawyers. Sometimes the law is wrong. The only way to change something is to try. You can’t win or change anything unless you try. What choice do we have when we face injustice? We either accept it or we say no we won’t accept it. There are many XRP holders like me. The only difference is that I have a law degree and I could try to do something about it. And look what happened. I was 1 guy willing to fight. I didn’t know if anyone would support what I’m doing. One guy but now I’m over 11,000 strong. And when people know you're willing to fight for them they will fight for you.

XRPTwin:

If I asked you to JUST write 2 sentences on the Howie Test, can you tell me what your stands are against the Howie Test ? ? ?

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John:

I actually don’t have anything against the Howie test. It was a very good test articulated 75 years ago. My problem is how Howie is interpreted by the SEC. the SEC misapplies Howie and tries to stretch its meaning and application.

XRPTwin:

If the SEC would have filed in 2016, 2017 would this been a different case than doing this in 2020, 2021 ? ? ?

John:

Yes, if the SEC brought this case is 2015, the SEC would have had a strong case. But even then, XRP the token itself is not a security. It’s how XRP was marketed and sold back then that could’ve been called a security. XRP is a product – a commodity. It’s the oranges in Howie. The Court never said oranges were securities

XRPTwin:

What do you think about Ripple's accusation of the SEC distorting the facts about the status of its cryptocurrency XRP (stated in the formal response to the regulatory lawsuit) ? ? ?

John:

The SEC in this case has distorted, mischaracterised and misled the public and the court. They even misled the court and claimed I said I was filing the case to get the exchanges to trade XRP because XRP will double and I can make a profit. I never even came close to saying that. It’s sad and disgusting.

XRPTwin:

Besides standing up for the XRP investor, don't you think this is standing up for the whole Crypto Community, should we not unite in this filing ? ? ?

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John:

The SEC will not provide guidance. And if Congress doesn’t pass a law regulating Crypto, then this case will be the industry’s only guidance. So yes we are representing all of crypto in this case whether people realise it or not.

XRPTwin:

You think your case is tied to the Ripple vs. SEC, do they strengthen each other, are they separate ? ? ?

John:

My case was filed separate from Ripple and I’ve never even discussed my case with Ripple or its lawyers. Ripple has to protect Ripple and Ripples shareholders. The SEC isn’t protecting XRP holders so we must protect ourselves. But I do believe that the case I filed has helped Ripple only because it’s making the SEC have to decide whether they want to fight only Ripple or fight us to.

XRPTwin:

How long do you think this all is going to take, will both cases be dragged for years and years, or will this all be done by this year ? ? ?

John:

I predict a settlement by the end of the year

XRPTwin:

What about the SEC running a Ripple node validating, is that not contradicting the SEC case?

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John:

I think that SEC running a node isn’t by itself significant. But when you run a node and you allow them to buy 9% of MGI and XRP trades for 8 years, and the SEC agrees that banks can custody crypto and you never say anything about XRP, then you are signalling to investors that you don’t believe XRP is a security.

So the node is one aspect of it. If that node is a validator node then I would say it’s a huge deal because then the SEC’s node helped validate billions of transactions of illegal securities apparently

XRPTwin:

Do you have anything to add, I haven't touched in my questions; I would love to ask you 20 more questions, but that ....... is not possible ? ? ?

John:

Only thing I would add is that I believe, in the end, truth will have its day. It may take some time and some fighting but I believe it.

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Well, first of all, I would like to thank John for taking the time to answer all these questions as he has been really busy. Johns Case of course continues and the questions I asked may not cover the case up to the point where we are right now, but it is just moving so fast ! ! !

We all will follow John, trying to help him where possible and hopefully with Johns approval, I will revisit his complaint.

Be respectful to each other and GO GO GO ! ! !

STAY SAFE ! ! !

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Yesterday was an amazing day. There it was, the SEC – XRP hearing with Judge Sarah Netburn of the Southern District Court in New York.

Prior this meeting we saw some nice XRP Price Action. In a way XRP Holders / Investors are saying: HEY, Ripple, we back you up .... Excitement was filling the air:

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This meeting/ hearing was not going to be the big W, was not going to be THE settlement, was not going to be end of the case, also highlighted by Jesse Hynes:

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What was going to happen though. Well, exactly what Jesse wrote down in his tweet:

I just want to remind everyone that today’s SEC v Ripple hearing is about a motion to compel. Nothing groundbreaking will be said or done. This hearing is solely about what documents the SEC has to release to Ripple, including any and all Eth correspondence

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Although I agreed and agree with Jesse and am very fond of reading his tweets, it turned out to be MORE ...... in my opinion of course ! ! !

Before this all went down Jeremy Hogan dropped a nice tweet that may not age well for the SEC, who knows, we will see:

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So in my opinion it turned out to be more .......And what does that mean .... more .......... well, let the XRPCommunity, XRP Investors and “knowers” say it themselves:

I would love to give Jeremy Hogan and John E. Deaton the first two reactions as they stated very well what the winning two arguments entitled:

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Eh, John ..... custodians ..... ? ? ?

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Oh ! ! ! ! but, but, but ..... that is A W E S O M E ! ! !

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Rob XRP lead us through the hearing, he listened in and had two magical tweets:

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Overall a good day and let's finish with Brads words:

STAY SAFE ! ! !

[](https://u.today/sec-tells-judge-that-xrp-cannot-be-compared-to-bitcoin-and-ethereum-during-hearing)

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Ecomi, Omi, Veve ....... NFT’s all around. What is the big deal ....... well, this is the big deal and eh , massive shout out to the telegram group:

VeVeTopShots

Amazing Stuff thank you, Ecomi, Veve, Telegram group, admins and people posting wonderful pictures, thanks ! ! !

ONCE AGAIN, VEVE , THANK YOU ! ! ! !

STAY SAFE ! ! !

[](https://medium.com/veve-collectibles/collecting-2-0-digital-collectibles-c83b7d9241b3)

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Positive stories in the news, COVID-19 is under control, less people infected, less casualties, it is not spreading as fast anymore, people are getting invested ...... well, not everywhere.

Noah is at home at the moment because his school has a little problem. Out of the 14 teachers, there are 6 at home. Rumours are spreading, the truth, still in the middle. The school claims not to have replacement teachers, so Noah has to stay home ! ! !

Oh boy, what about that, ....... ? ! ?

Not sure what to think about it, but have to share, a lot of parents are seriously aggravated, especially hearing about it last week, Wednesday morning at 06:00 AM: no school for Noah today ....

My wife and I, we are able to cover it, but some people, oh boy .....

All the parents, together, we have our own WhatsApp group. The tone of voice was not positive, the tone of voice was not against COVID-19, not against the teachers, but the message hearing it soooo late, our children were not allowed to be in class ! ! !

I guess, we can deal with this ...... I guess we have to ..... we cannot have it all. The most important .... everybody is safe and the more important:

STAY SAFE ! ! !

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And we started, the 2021 – 2022 Formula I season kicked off in Bahrain. I am so looking forward to this season. 2 changes had to be made to the cars, what resulted in slower cars this year: Floor Plate and Aerodynamics, those are the two words that are key this year.

Biggest advantages: Cars will be more competitive. Yes, yes, Mercedes, Ferrari and Red Bull are still going to dominate but “the knower” says the middle field are going for it. Well, I will sign for it, more competition, would be awesome.

The Free Practices, the Qualification, all showed interesting things already. Max Verstappen our Dutch hope for a Formula I Winner showed first good signs: best in the Training, best in the Qualifications ..... Started Pole Position, good stuff.

This season has 20 drivers going for the first position, 16 return from season 2020 and 4 are swapped for others. Of those 16, 12 are returned to the same team. The drivers that did not return:

Alexander Albon

Daniil Kvyat

Kevin Magnussen

Romain Grosjean

New Drivers are:

Yuki Tsunoda (AlphaTauri Rookie)

Mick Schumacher (Haas Rookie)

Nikita Mazepin (Haas Rookie)

Fernando Alonso (Alpine / Formerly Renault)

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So, yes I am thrilled for this year. I would love to see at least 4 competing teams for the first 8 positions.

Besides those 8 drivers, I am so much looking forward to Yuki Tsunoda and Mick Schumacher. Mick Schumacher ..... YES, son of legend: Michael Schumacher. He was not THE BEST Driver in the Formula II, but I would love him to succeed. Ferrari with Sainz Jr., is going to be challenging also. Carlos is going to have a fight with all other teams but also with his fellow Ferrari driver Charles Leclerc. Two young guys, not the top yet, will fight for those positions.

Let's see what happens

STAY SAFE ! ! !

Header [](https://www.telegraph.co.uk/formula-1/0/f1-2021-team-guide-cars-drivers-hopes-expectations-realities/) Source

Today, was an easy going day. No XRP, No Omi, No VET, No Bitcoin, No nothing .... Overall, I am not expecting anything today, so I just had some quality time with the family.

What can I say about it ..... It was amazing. We spent a little bit of time outside together, but it was more the time we spent together at home. Did we do a lot no, not really, was it fun ABSOLUTELY ! ! !

Okay, okay, we baked cookies, we played some card games, board games, did some dancing on music .... NOAH did ! ! ! Playing with the dog, watch the Formula 1 training .... and we enjoyed it

This is horrible, this is all I am going to write today. Keeping it to ourselves, tomorrow is another day.

Sorry

STAY SAFE ! ! !

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Well, we still have a bit of a lockdown so we needed to get a new plan ..... Buckingham Palace.

At the local supermarket they sold cardboard base plates from famous English tourist traps. Well, I bought three of them, as the price 2,65 a piece was a steal.

Small, yes I know , but let’s do this !!!!

So this morning, 07.15 we got a not so nice message from Noah’s school: teacher was sick ......... again and they were not able to find a replacement ......... in other words, no school for Noah today. The message ended in: thanks for your understanding.

Well, ...........THAT was not as planned but we had it covered. Many parents had some difficulties dealing with the situation according to the groups app ...... and were not pleased the way this was shared !!! Oh well, just two words: Buckingham Palace.

Just checking the numbers. No glue, no scissors, just taking it out of the board.

I cannot write it better than the pictures showing it:

Not totally done, but it looks really nice.

STAY SAFE ! ! !

NFT's – Non Fungible Tokens, my goodness, that is something new. Non Fungible, ...... eh ...... Unique ? ! ?

A non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work.

[Source](https://en.wikipedia.org/wiki/Non-fungible_token#:~:text=A%20non%2Dfungible%20token%20(NFT,other%20forms%20of%20creative%20work.)

The first NFT dates 2015 .... WHAT ! ! ! Yes, 2015 .... Ethereum based, but NFT became a real word when Michael Winkelmann, better known as Beeple sold an NFT of a collage of images from the “Everydays” series for $69,346,250 on March 11, 2021 (Christie's).

Then there was the NBA’s Top Shot product a blockchain-based trading card system that has generated over $230 million in gross sales. Sold out ! ! ! Dapper Labs is the creator of these collectible digital asset and one asset, LeBron James sold for $200,000.

It is getting bigger and bigger and I started looking at Ecomi – #OMI. A neighbour told me about it as he bought The Stay Puft Marshmallow Man NFT in the VeVe Store:

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I got excited, looks pretty cool especially because he share some more stuff about Ecomi .... He was talking about “The DeLorean” from Back to the Future:

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and Batman was mentioned:

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Look at Harley in the back how cool is that ... Well, I was sold. If you, as a company can sell three top names, Ghost Busters, Back to the Future and Batman, that is interesting.

There actually is a list going around on internet:

To date, we have secured more than 100+ brands which will be rolled out on VeVe over the coming years, and so far we have announced:

1. tokidoki: Mermicorn, Donutella, Unicorn, and Cactus Friends

2. CBS: Star Trek – The Next Generation, Picard, and Discovery

3. Cartoon Network: Adventure Time, Powerpuff Girls, We Bare Bears, and Tuzki

4. Capcom: Monster Hunter, Monster Hunter – Iceborne, and Street Fighter

5. Warner Bros: DC Collectables, Harley Quinn, The Joker, Superman, and Batman

6. The NFLPA

7. Jurassic park

8. Back to the Future

9. Ultraman

10. Ghost Busters

11. Fast and the Furious

12. CryptoZoic Cryptkins

13. General Motors

That, is an amazing list and if this is the first 13 from a bigger list, go go go.

Today was the drop date for Ultraman. Ultraman is no Superman, Ironman or any other man, he is Ultraman, HUGE in Asia, but unfortunate, this NFT was not for sale for Japan and mainland China, probably contractual. I wanted to be part of this, I wanted to see what this was doing, so:

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Exciting times, I was not even going to worry about the price of #OMI, I just hoped things would work out. I was thinking in the back of my mind: WallstreetBets – XRP – United States – 2 Exchanges .....

2 minutes, 1 minute ...... BLACK:

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This made me tingle, not that I was happy, but this was just big time congestion, this was positive, this was more demand than supply, the system was not ready (yet) .....

So later:

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And this was the result:

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A little bit about the prices. You by the NFT's with Gems

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[](https://play.google.com/store/apps/details?id=com.ecomi.veve&hl=en&gl=US)

YES, I know there were a lot of negative reactions, a lot of people not happy, having the chance to buy when they wanted to, but this was just amazing: the BIG BIG BIG Demand at one Place. I just call it thrilling times ahead .... this Blog will definitely have a follow up post ! ! !

STAY SAFE ! ! !

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Every Crypto Lover, every Ripple Enthusiast, every XRP Investor/ Holder is looking at the Lawsuit of the Century:

the SEC vs. Ripple

Maybe not every Crypto Lover, but all XRP investors are definitely following all the moves made by all the lawyers that are working at the moment to get Ripple / XRP / Crypto in the clear.

As you know, I have been in this space since 2017, allegations, had been made before, other coin maxis always eyed the “alleged” security and finally, in December 2020 it was the Securities and Exchange Commission that filed a complaint …. warned by Brad Garlinghouse himself:

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As of December 2020, it has been a wild ride for Ripple and the XRP Investor / Holder. Suddenly everybody was a lawyer, everybody knew what was happening and NOT happening, interesting to see ! ! !

New people showed up and one of them is Jeremy Hogan. I was not aware of him and many people did not know him, but I can say I have seen all of his videos that he published regarding the SEC vs. Ripple …….. and so have a lot of people; his videos are viewed a lot. He gets a lot of support on Twitter and I believe he should ! ! !

Legal things are NOT easy but can be made easier ….. Jeremy Hogan ! ! !

His name popped up more than once, so I want to know more, others want to know more, ....., I ....., I ....., I ..... , I

I wanted to interview Jeremy and so I asked him on Twitter to follow me in order to ask him that question:

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and that got the ball rolling ! ! !

If you have seen his YouTube Videos, if you have asked him a question on Twitter and he answered, then you know it, and I KNOW it, Mr. Hogan .... Jeremy is very kind and is here to help us out with all the 10 dollar words shared by lawyers, judges and others that are “in the know” of the SEC vs. Ripple case.

So the big question is, WHO is Jeremy Hogan ? ? ?

XRPTwin:

Can you tell me about yourself, who is Jeremy Hogan ? ? ?

Jeremy Hogan:

I was born in Ohio but grew up on the island of Guam with some time in Hawaii, Japan, and California before settling in Florida. I opened my own law practice in 2006 with my wife and we have two beautiful girls so nowadays I am mostly “Dad.”

XRPTwin:

Got married on Hawaii, amazing islands, will go back some day ....

XRPTwin:

Your history with Crypto Currency and XRP specifically, did this digital asset became more attractive to you when the SEC showed its face?

Jeremy Hogan:

I got into the crypto world only about 2 years ago and my interest was in smart contracts and how they could be used in the insurance world.

I knew what XRP was but didn’t really look into it until after the lawsuit was filed.

After researching its uses and seeing how the price had been destroyed by the lawsuit, I thought that XRP was a “no-brainer” purchase and that was primarily due to the lawsuit.

XRPTwin:

Social Media has served you well. YouTube – Legal Briefs – shows over 60.000 Subscribers, almost every video viewed over 100K, coming from a much lower level of engagement. Twitter over 25.000 Followers. Where do you think this public interest is coming from?

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Jeremy Hogan:

After the lawsuit I felt there was a lot of confusion and fear in the XRPCommunity. After my first video on the Ripple lawsuit, I quickly realised the XRP community was starved for information presented in a clear and easily digestible way.

XRPTwin:

I hope you will not hold this against me, but I have heard your name mentioned with the name of Judge Judy, definitely a successful lady .... How do you see this yourself?

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Jeremy Hogan:

If I could make half as much money as she does… 😊

XRPTwin:

for the reader so you don't have to look it up:

*Source*

XRPTwin:

If you are not busy with your job, the YouTube hobby, what do you do during your spare time, what are you hobbies ?

Jeremy Hogan:

If I am not working I am with my family. My only selfish pleasure is watching the Orlando soccer team play. Actually, I think we had a friendly game against Ajax a couple years ago and I was there!

XRPTwin:

nothing wrong with Ajax, they are having a good season this year ! !

[](https://1000logos.net/ajax-logo/)

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XRPTwin:

If you look at all the different stages, where do you think “mistakes” have been made:

The SEC going after Ripple, Brad and Chris?

Ripple's SEC answer?

Ripple's question to dismiss the case?

The SEC asking to dismiss the Ripple dismissal?

Jeremy Hogan:

The SEC going after Ripple, Brad and Chris?

I think including Brad and Chris in the lawsuit was a mistake. The lawsuits against the individuals are much more difficult and screams “overreach” on its part. I think those lawsuits are dismissed or not successful at some point.

Ripple's SEC answer?

I think Ripple HAD to answer the lawsuit in order to move it forward quicker. Ripple can’t let this lawsuit linger and that forced their hand, which is never a good position to be in when it comes to litigation. I don’t think it was necessarily a mistake, but it’s NOT a good position to be in.

Ripple's question to dismiss the case?

I think only Brad and Chris moved to dismiss the case and that was absolutely the right move. I think the cases SHOULD be dismissed.

The SEC asking to dismiss the Ripple dismissal?

I think the SEC wants to stop Ripple from obtaining certain documents and communications so it had to ask that one of Ripple’s affirmative defenses be removed from the case. I think the SEC made some concessions in the motion that could hurt them later so yes, I think the SEC made some mistakes in that filing.

XRPTwin:

At this moment there are between 1.000 / 100.000 lawyers judging the SEC / Ripple case from the sideline (the XRPCommunity); does this help or damage the case looking at Ripple's (XRP) point of view?

Jeremy Hogan:

I don’t think the SEC attorneys or Ripple lawyers give too much heed to what the sideline lawyers are talking about – although we maybe like to think they do. The sideline attorneys don’t know ALL that is going on. Half of what I do is guesswork! So, I don’t think it matters too much what we say or think to be honest.

XRPTwin:

A question that is playing with everybody's mind, how long is this case going to be dragged, how long is this going to last?

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Jeremy Hogan:

Yes, the XRP community and crypto investors are very impatient! This case is moving very very quickly by lawsuit standards. I had a recent case take 3 years to get to trial. The main and important parts of this case should be resolved by this late fall/early winter. IF there are appeals, that would add an extra year or so to get an appellate decision.

XRPTwin:

Is this case all about Ripple / XRP clearance, or should the whole market look at this case as it will also determine their future?

Jeremy Hogan:

This case is about much more than Ripple. If the SEC is successful, the case precedent would leave almost every coin out there vulnerable to being essentially destroyed/delisted/damaged at the whim of the SEC. I think you would see an exodus of the industry to safer shores (like maybe Netherlands?!)

XRPTwin:

The quick round: Can you respond to the following words:

Jay Clayton ? ? ?

Fair Notice and Due Process ? ? ?

John Deaton ? ? ?

Gary Gensler ? ? ?

Regulatory Clarity ? ? ?

Jeremy Hogan:

Jay Clayton ? ? ?

No comment. 😊

Fair Notice and Due Process?

The 5th Amendment holds a dear place in my heart and that’s where Fair Notice/Due Process stems from. You SHOULD not be subject to civil or criminal prosecution by the government unless it is CLEAR that what you are doing is violating the law. To me, that is a fundamental constitutional right and THAT is at play here.

John Deaton ? ? ?

I have great respect for what he’s doing. You have no idea how much work he has taken on.

Gary Gensler ? ? ?

So far, disappointed. Maybe he’ll surprise me.

Regulatory Clarity ? ? ?

This is a do or die for the USA.

XRPTwin:

For the SEC to win, this has to happen: ........ ?

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Jeremy Hogan:

The SEC has to convince the Court that Ripple made essentially one long sale/offering of XRP and focus the Court down on early sales. The SEC has to simplify that whole case and get the Court to believe that most people were looking primarily to Ripple to increase the value of XRP.

XRPTwin:

For Ripple to win, this has to happen: ........?

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Jeremy Hogan:

Ripple has to make the case complicated, meaning Ripple has to make the Court understand that each sale was different and at the time of each sale the use cases had expanded and XRP had become more decentralised.

XRPTwin:

I did a poll asking people if Jake Chervinski should be a guest on Legal Briefs to have a nice discussion with you on the SEC vs. Ripple case. 76% answered with an ABSOLUTE YES, Jake is positive, so are you open to have a discussion ? ? ?

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I know, I know only 356 Votes, but when this happens ..... WHEN THIS HAPPENS ! ! !

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Actually, maybe better to bring it over to the On The Chain YouTube Channel to keep it neutral. Chip and Jeff, On The Chain hosts, agreed to it. Maybe, to make it complete we should ask John Deaton to be part of it also . He has been on that show before.

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Jeremy Hogan:

I would look forward to that. I’m a little swamped right now but maybe in a week or two!

XRPTwin:

Well, let me talk to individual parties and let's see where this goes, would be awesome :–)

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Meanwhile, the case went on and the Honourable Magistrate Judge Sarah Netburn of the Southern District Court in New York. This of course needs to be part of the Interview, so I politely asked Jeremy to answer one more question ..... and once again, as nice as he is, this was the outcome:

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XRPTwin:

What did you think about the hearing with the Honourable Magistrate Judge Sarah Netburn last week?

Jeremy Hogan:

I think the hearing went obviously very well for the individual defendants. And also for Ripple based on the judge’s comments that her understanding is that XRP is a currency and has utility. But that doesn’t necessarily mean “case over.” If this was a horse race, we are only in the first turn. A lot of bad things can still happen but it certainly made me feel better about how our horse is running!

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Now, you tell me what horse Attorney Solomon is racing with ;–)

Knowing Jeremy has his own business, cases, I would like to thank him tremendously for the time he gave me by answering this question. I would like to ask him, writing this paragraph, to re-visit the court case in a couple weeks to see what has changed and where it is going .....

For now let's wait and see where the case moves and it answers the questions we have been waiting for. Once again, thank you and till the next interview ....... hopefully :–)

STAY SAFE ! ! !