Jeremy Hogan, a partner at the Hogan & Hogan law firm, argues that Ripple's digital asset, XRP, valued at $0.50, does not qualify as a security since it fails to fulfil the requirements for an "investment contract," the only legislative classification it could possibly satisfy.
Lawyer Jeremy Hogan maintains that using legal methods, the U.S. Securities and Exchange Commission has not successfully demonstrated that XRP should be classified as a security.