A cryptocurrency legal expert predicts that Ripple’s native token XRP could face a supply shock if it settles its case with the US Securities and Exchange Commission (SEC).
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In a new video, lawyer and XRP supporter Jeremy Hogan discusses a scenario where Ripple could settle its legal battle with the SEC and how these events could affect XRP:
Hogan also notes that a deal will include an agreement that will limit the sale of XRP to private sales for companies and customers, and will narrow the supply of XRP in the market:
The lawyer states that Ripple must secure a deal with the SEC, which will make them the first cryptocurrency firm to be fully approved by regulators.