Peter Vogel Provides Insights on Recent Developments in Ripple SEC Case

16 February 2022 CoinTelegraph News

Foley & Lardner LLP Of Counsel Peter Vogel was featured in a CoinTelegraph article, “SEC v. Ripple: Here’s how two 2012 memos can turn the tide in the milestone crypto case,” to breakdown the case’s recent developments. Explaining the dynamic of the case and both sides’ arguments, Vogel said, “the SEC claims that Ripple was advised in 2012 that XRP would be deemed a security under federal law, so Ripple was well aware of the risk that the SEC would bring a lawsuit. Ripple claims that the 2012 legal memos related only to proprietary internal strategies.”

When opining on the impending conclusion to this landmark case, Vogel noted that “it seems likely that we will never have a jury trial, but the interpretation of these 2012 legal memos may be a factor in some settlement of the current SEC lawsuit.”

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