Former U.S. Securities and Exchange Commission (SEC) executive Joseph Hall thinks there’s a strong chance the SEC loses its case against Ripple.
Hall, a partner at the law firm Davis Polk, says in a new interview on Thinking Crypto that he found the SEC case “pretty astonishing.”
He argues that a judge reviewing the lawsuit is likely to be influenced by the fact that the case doesn’t “seem to have been involving any imminent investor harm.”
Hall made headlines recently after publishing an opinion piece arguing that the regulatory body’s lawsuit against Ripple highlights the overall need for clarity in the crypto asset industry.
The lawyer worked for the SEC from 2003-2005, concluding his time at the Commission as managing executive for policy.
In his recent interview, Hall also notes that the Ripple case could threaten the SEC’s ability to regulate the rest of the crypto space in the future.