Joseph A. Hall, a former executive at the U.S. Securities and Exchange Commission (SEC) shared in the interviews that why he believes “there’s a good chance” his former employer loses its lawsuit against Ripple Labs. He explained as per the Law360 published article that why SEC’s enforcement action against Ripple over XRP showed the need for much more regulatory clarity on crypto assets. Hall stated that explained how inadequate the SEC’s Howey test is for deciding whether a particular crypto asset is a security.