SEC Dropping Ripple Case is a “final exclamation sign” that XRP is not safe – John Deaton
The American Securities and Stock Exchange Committee Disclosure of her appeal against Ripple It is “the final exclamation point that this is this [XRP] “The symbols are digital goods, not securities,” John Diton’s lawyer told Cointelegraph.
Deaton added that there is still $ 125 million against Ripple on inappropriate sale to XRP (XrpCryptocurrency, which the company may now negotiate after SEC has resumed its appeal.
Deaton is a well -known lawyer like XRP holders, on the pretext that their interests were not represented in the SEC case against Ripple. He was later running against Elizabeth Warren, an audio encoding critic, for the Senate seat to represent Massachusetts in Washington, DC.
Related to: Why is the Ripple SEC case continuing in a sea of decisions?
Will Ripple fall out?
One of the factors that will play the foot It was presented in October 2024. Deaton believes that SEC does not want Ripple to move forward in the cross appeal because the ruling can harm the committee’s jurisdiction and affect other issues.
This gives Ripple some influence in negotiating the settlement. “Everything has turned,” said Diton. “The elections were transformed, the industry, the Supreme Education Council, turned [has] I did completely 180 in terms of its connection. Why should we pay 125 million dollars? “
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However, there is still an issue A judicial order issued by Judge Angia TorresWhich prevents Ripple from selling XRP to institutional investors to prevent the violation of securities laws.
“If Ripple wanted it to be able to issue XRP to banks directly in America, I think that hanging is that the irritable matter and how it goes beyond this dysentery,” said Diton.
It was the case of an attack on the industry
“I remember when this case was first presented,” Diton told Cointelegraph, adding:
“I thought it was an attack on the industry, like the shoe on the neck of the industry, and I was confident that it wouldn’t be just once, and that it would not be just ripples, and that it was more than one message that traditional financing, the banking system, Elizabeth Warns, and Jenners Gary in the world, had in this industry.”
He added that Ripple could like the fact that it never left the United States even after SEC brought the case and that it is an American -made company.
“I think it’s a matter of Rad Garlinghyus to be able to say,” Well, look, we have filed a lawsuit against the United States government and Biden administration; We are an American -made company, as you know, [and] We never left. And I think this preaches good. “
magazine: Hall of Flame: Crypto Banter’s Ran Neuner says Ripple “Despable”, HAT Tips to Zachxbt
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