While the SEC’s shenanigans might have had a lot of impact on the Ripple network, a prominent figure maintains that the XRP token has in no way been affected by the Ripple network.

The U.S. Securities and Exchange Commission has been involved with the cryptocurrency market for the longest time. Notably, it’s running with Ripple and XRP has been a continuous topic of conversation.

Not only has the SEC vs Ripple lawsuit influenced the market’s perception of the Ripple blockchain, it has also had a lingering impact on the network’s position in the global blockchain industry.

However, a legal expert is asserting that Ripple’s native token, XRP, is not being impacted by any of Ripple’s actions, despite its running with the SEC.

> The popular attorney, Jeremy Hogan, shared his thoughts on X, formerly twitter, saying “Actually, nothing Ripple does has any real effect on XRP price, only the actions of the SEC change its price… strange.” > >

> > Actually, nothing Ripple does has any real effect on XRP price, only the actions of the SEC change its price… strange. > > > — Jeremy Hogan (@attorneyjeremy1) August 10, 2023 > >

Hogan made his comment in response to a tweet from other market participants, who highlighted the recent price decline in XRP and its potential connection to the SEC. According to a post shared by a popular lawyer, Bill Morgan, the price of XRP plunged after the SEC made a request to file for an Interlocutory Appeal.

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