XRP Lawyer Mocks Ripple CEO’s XRP Lawsuit Timeline Call

Godfrey Benjamin
May 26, 2023
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John E Deaton, a vocal XRP advocate has made a comical comment regarding the timeline prediction proposed by Ripple Labs CEO, Brad Garlinghouse on the ongoing Ripple case with the US SEC.

On Twitter, Garlinghouse predicted that the legal battle between Ripple and the SEC will be over in a few weeks. In response, Attorney Deaton shared a sarcastic comment, stating that he wishes Garlinghouse good luck with his predictions.

Following Deaton’s comments, some Twitter users asked why he was being skeptical and sarcastic regarding Garlinghouse’s forecasts. In his defense, the XRP advocate replied that the tweet was poorly worded. 

“I’m making fun that some of us have been off in our predictions so I’m saying good luck with his,” he tweeted.

Interestingly, Deaton’s comment resonates with many individuals affected by the case. His comment highlights the irony of pursuing a precise time frame in a judicial battle that is being marred by delays and uncertainty. It also drew attention to the challenges faced by the legal system in adapting to the fast-paced and evolving nature of the crypto industry.

Meanwhile, Deaton has also been called out by the crypto community for also making predictions in the past that were not manifested. 

However, his recent comment is just one aspect of his ongoing advocacy on behalf of XRP holders. His comments might have stemmed from the fact that the case may take a whole new dimension following a court filing that revealed Attorney Kylie Chiseul Kim’s intentions to withdraw as counsel for Ripple Labs.

He has been essential in supporting the rights of XRP investors concerned by the SEC’s litigation through his grassroots campaign. 

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The Importance of a Prompt Resolution

The Ripple and SEC legal battle has implications beyond the parties involved. A quick resolution would give some legal precedence to the crypto market as a whole, an event that may assist in the establishment of clear regulatory rules and frameworks in the near future. 

The case’s prolonged continuance has inhibited some XRP linked businesses and has generally made some investors skeptical about injecting capital into US Web3.0 firms.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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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.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.