Gene Hoffman, chief operating officer at blockchain company Chia Network, believes Ripple will lose against the Securities and Exchange Commission (SEC).
Hoffman made the prediction in a tweet, noting an excerpt from the SEC’s summary judgment filing where the regulator argued that its former director of corporate finance, Bill Hinman, told Ripple executives back in 2019 that in his opinion, XRP was a security.
Source: https://zycrypto.com/xrp-lawsuit-will-ripple-lose-to-the-us-sec-this-crypto-pundit-believes-so/