XRP’s Fate Hangs in Balance: John Deaton Predicts 4 Possible Outcomes in Ripple Vs SEC Lawsuit

The outcome of the Ripple v. SEC litigation, which is soon to be decided, has everyone on the edge of their seats. Every new development in this case is highly anticipated. Today, we have a fresh update for you. Read on. 

Deaton Highlights Four Likely Outcomes Of The Lawsuit 

John Deaton, the founder of the digital asset news company Crypto Law and an amicus curiae in the case, expressed optimism that Ripple will prevail in the ongoing securities litigation against the US Securities and Exchange Commission (SEC). Deaton has discussed his opinions on every possible outcome. 

Deaton then discussed his predictions for the result of the lawsuit, suggesting that the SEC would probably lose in one of four scenarios against Ripple.

According to Deaton, firstly, the judge’s declaration that there was no investment contract and no obligation to fulfill after the duty sale would result in an overwhelming victory for Ripple.

Second, Judge Analisa Torres can decide that Ripple violated the law when it first started out for a “specific time” but come to the conclusion that XRP doesn’t count as security in secondary market transactions now.

The third possible conclusion, according to Deaton, is that the SEC wins outright. “I got that at zero that’s now maybe I shouldn’t have it that low, but that’s how confident I am about that meaning, that ridiculous theory of theirs,” he added.

The fourth situation is that if no one wins, the case will be sent to the jury for comments and eventual determination.

Nevertheless, despite the fact that the case was far along, the attorney expressed optimism that the parties may reach a settlement before a summary judgment, stressing that the plaintiffs were prepared.

Deaton stated, “Ripple has agreed that they would settle the case before. Their general counsel and their CEO have publicly stated that they would settle today if the SEC would agree to ongoing future sales secondary market sales.”

Which one of these outcomes do you think is the most plausible one for the Ripple vs SEC lawsuit? 

• SEO Powered Content & PR Distribution. Get Amplified Today.
• Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
• Source: https://coinpedia.org/ripple/xrps-fate-hangs-in-balance-john-deaton-predicts-4-possible-outcomes-in-ripple-vs-sec-lawsuit/