6. June 2023 By admin Off

Ripple’s SEC Case: Pro-XRP Lawyer Tips Outright Victory at <3% Chance

• Pro-XRP lawyer John Deaton has suggested that there is a 25% chance of Ripple winning against the Securities and Exchange Commission (SEC).
• Deaton further stated that he believes XRP itself will not be deemed a security and secondary market sales will not be affected.
• Judge Torres is likely to make a final ruling before September 30th, 2021.

Ripple Case: Pro-XRP Lawyer Predicts Outright SEC Victory

Attorney John Deaton says there’s a 25% chance Ripple will see an outright win against the United States Securities and Exchange Commission in their long-running lawsuit.

Chance for Outright Win

The CryptoLaw founder has been a vocal advocate for Ripple against the SEC, which filed a lawsuit against the company in December 2020, alleging that the sale of its XRP (XRP) token represented an unregistered securities offering. In a June 3 episode of The Good Morning Crypto podcast, Deaton said he tipped a 25% chance that presiding U.S. District Judge Torres rules in outright favor of Ripple.

“Splitting the Baby” Ruling

Deaton also noted that there was about a 50% chance Judge Torress would come to what he called “splitting the baby” ruling, where she could potentially rule that XRP was offered as an unregistered security before 2018 but have it transition from security to commodity after 2018.

“Six-Month List”

Deaton highlighted that Judge Torres will most likely come to a final decision before Sept. 30 this year due to what he referred to as “six-month list” which district judges must file to Congress detailing all summary judgements pending longer than six months.

Predictions for XRP Price Following Positive Ruling

Finally, Deaton also gave his predictions for the price of Ripple’s native XRP token following a positive ruling from Judge Torres.