Claim $500XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit
XRP News: The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs over the categorization of the XRP token will soon see its fate. However, John Deaton, the lawyer of XRP holders in the Ripple Lawsuit laid out the best and worst outcomes that might be announced ahead by US District Judge Analisa Torres.
Best Outcomes For Ripple
Attorney John Deaton, an Amicus Curiae in the XRP Lawsuit in a series of Tweets highlighted where and how Ripple can secure a win against US SEC.
The foremost outcome for Ripple and other defendants would be Judge slamming the US SEC for its overreach and the overall behavior in the XRP lawsuit. However, Judge Sarah Netburn has stated that the commission lawyers are hypocrites and lacked faithful allegiance to the laws.
Deaton added that the second best ruling would be the Judge rules that Ripple offered XRP as an investment contract (Security) in the XRP ecosystem but on a few specific occasions. However, XRP itself is not a security and with this ongoing and secondary sales are not securities. Read More XRP News Here…
Also Read: Elon Musk Might Stop Promoting Dogecoin; Will Doge Take A Hit?
While, the third most favorable ruling would be that decides not to produce a summary judgment in any of the participants’ favor. However, the judge decides that jury must decide the disputed facts. However, will give the status quo to the parties for another year. This involves the judge stating that XRP is simple software code and the secondary sales recorded are not securities.
Also Read: Ripple CEO Calls In Congress To Take Notice Of US SEC Enforcements
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Media Invests $40M in Bitcoin as Incoming CFTC Chair Signals Crypto Clarity Act Push in January
- Aave DAO Saga Deepens as Alignment Proposal Moves to Snapshot; AAVE Price Down 7%
- Fed’s Stephen Miran Urges More Rate Cuts In 2026 To Avoid U.S. Recession
- Breaking: $4T JPMorgan Explores Crypto Trading for Institutional Clients as U.S. Banks Embrace Crypto
- Bitcoin and Ethereum ETPs See $1B in Outflows as Institutions Rotate into XRP
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
