Lawyer Jeremy Hogan suggested that Ripple might settle its fine with the SEC by using XRP tokens instead of dollars.
XRP Fine Payment Theory
Jeremy Hogan proposed the idea that Ripple could pay the SEC fine in XRP tokens. He suggested Ripple might transfer the tokens to a federal 'stockpile' XRP address.
Legal Basis of the Idea
To support his theory, Hogan referenced the 1869 Supreme Court case of Willard v. Tayloe, where the court allowed a contract to be fulfilled in gold instead of dollars. The decision was based on serving the ends of justice and avoiding hardship to the parties involved.
Current XRP Price Situation
Crypto analyst Ali Martinez spotted a Head and Shoulders pattern on the XRP/USDT chart. This pattern typically signals a bearish reversal. The pair established crucial support around $2.15-$2.20, but the price is now approaching this level, trading near $2.17 at the time of analysis.
While Hogan's theory is creative, practical challenges remain as the SEC would need to agree to payment in XRP. Nevertheless, this idea opens new perspectives in the relationship between government and digital assets.
