XRP Lawyer: Binance May Get A US DOJ Sealed Indictment
Attorney John Deaton, who represents the thousands of XRP token holders in the U.S. Securities and Exchange Commission (SEC) lawsuit, predicted that some legal action may be coming in the way of Binance. He said there have been too many unusual things in recent times that he will not be surprised if the crypto exchange gets a sealed indictment from the United States Department of Justice (DOJ).
Also Read: Why Solana (SOL) Price May Not Fall Despite FTX Court Order?
From Killing Crypto To Crushing It
Speaking during a Twitter space on Wednesday, Deaton said there is a momentum shift in the way regulators and lawmakers are looking at when dealing with the crypto industry. He said the crypto market participants need to prepare for a longer fight.
“Unfortunately I think we have to be prepared for a longer fight. We are witnessing them going from “We are going to kill crypto to no, well we can’t so we are going to crush it so that the traditional players can come in and swoop it up.”
Earlier, CoinGape reported Deaton’s comments that crypto as a policy issue should be fought in Courts until 2025, after which there could be political consensus on the issue in the United States.
Need A Sense Of Urgency
Attorney Jeremy Hogan, who also took part in the Space, recalled that the US SEC had even mentioned in a filing about not appealing the XRP Summary Judgment. The SEC said it is not appealing whether XRP is in and of itself a security so that is off the table, he added.
Attorney Hogan said the ideas, people and resources are fleeing the United States in search of finding a place where they could develop the great ideas at least legally. Hence, he called for having a sense of urgency in terms of taking action to stop the trend.
Also Read: EU Parliament Approves DAC8 Crypto Tax Rule; Here’s What It Means
- Ripple Eyes Tokenization and Stablecoins in XRP Ledger Institutional DeFi Roadmap
- UK and US Announce Joint Task force to Boost Collaboration on Crypto Regulation
- Deutsche Bank Predicts Central Banks Could Adopt Bitcoin Alongside Gold by 2030
- Bitget’s Universal Exchange Merges Crypto, Stocks, and RWAs To Offer Global Market Access
- PancakeSwap Launches Crosschain Swaps on Solana Amid Aster DEX Competition
- Solana Price Prediction: $836M Whale Transfer Spark Fear of $200 Retest Before 62% Rebound
- Bitcoin Price Prediction: $150K in Q4 as Gold’s ATH Momentum Sets the Tone
- PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout
- Bitcoin Price Prediction: Analyst Highlights Breakout Patterns as Coinbase CEO Backs Crypto Structure Bill
- Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
